Thread: Buying GM Stock
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Old 11-17-2005, 07:25 AM  
EroticySteve
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Join Date: Mar 2005
Location: The Sunshine State
Posts: 4,365
GM still thinks that it's 1972 with the way in which they build their cars. Except for a few Cadillacs and the Corvette their technology is antiquated and pedestrian at best.

They still use Pushrod engines as though they are superior technology.

Take some clues from the Europeans and the Japanese who've perfected automotive engineering. They are innovative and inventive and constantly challenging the status quo.

Look at cars like the Monte Carlo. Front wheel drive, underpowered, poorly styled, handles like a dump truck on a road of marbles and this is their Flagship car on which their NASCAR contingents are based.

Chrysler is leaps and bounds ahead of GM in that they are learning new engineering processes from their Mercedes Benz partners. They are even integrating and crossing platforms.

GM has done a bit of cross production with Toyota, hence the 1980's Nova and the 1990's GEO Prism which were essentially Toyota Corollas. There have been a few pontiacs that had Toyota cousins too such as the current Pontiac Vibe which is the also marketed and sold in a similar package as the Toyota Matrix. Pontiac has recently released their Australian Holden Monaro as the Pontiac GTO, a car that isn't typically domestic GM.

The problem is that Americans need to demand better, however, GM persists because people continue to buy their cars.

I don't see the stock doing much until they can reinvent themselves, not in marketing but in production, process and philosophy.
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