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  • GM may be cutting US work force half

    From ScottW@21:1/5 to All on Thu Mar 9 14:16:32 2023
    General Motors’ South Korea division will offer a similar VSP package, but workers in Canada, Mexico, Europe, and China will not, according to the memo. Whether Barra plans similarly drastic job cuts in those countries is unclear.

    “Taking this step now will help avoid the potential for involuntary actions.”

    What that means is, more than half of General Motors’ American workforce will have two weeks to decide whether to take the retirement package.

    GM has no faith in the US car market for the next decade as buyers don't want to rush to EVs and interest rates overall make new cars unaffordable.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Thu Mar 9 17:03:16 2023
    On 3/9/23 4:16 PM, ScottW wrote:
    GM has no faith in the US car market for the next decade as buyers don't want to rush to EVs and interest rates overall make new cars unaffordable.

    https://www.cnbc.com/2022/10/08/how-gm-plans-to-convince-car-buyers-to-make-the-ev-switch.html

    GM is “all-in” on electric vehicles and is bringing out EVs across
    styles and brands, from the Hummer to the Cadillac Lyriq and an
    all-electric Silverado.

    Demand is already high at the luxury end of the car market for limited production, with the Hummer recently closing to new reservations.

    https://www.cbsnews.com/news/gm-offers-buyouts-to-workers-ev-electric-vehicle-2023/

    "General Motors is offering buyouts to most of its U.S. salaried
    workforce and some global executives in an effort to trim costs as it
    makes the transition to electric vehicles."

    So "work force" doesn't include the people who actually make cars.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to All on Thu Mar 9 15:57:53 2023
    On Thursday, March 9, 2023 at 3:03:18 PM UTC-8, mINE109 wrote:
    On 3/9/23 4:16 PM, ScottW wrote:
    GM has no faith in the US car market for the next decade as buyers don't want to rush to EVs and interest rates overall make new cars unaffordable.
    https://www.cnbc.com/2022/10/08/how-gm-plans-to-convince-car-buyers-to-make-the-ev-switch.html

    GM is “all-in” on electric vehicles and is bringing out EVs across styles and brands, from the Hummer to the Cadillac Lyriq and an
    all-electric Silverado.



    Demand is already high at the luxury end of the car market for limited production, with the Hummer recently closing to new reservations.

    https://www.cbsnews.com/news/gm-offers-buyouts-to-workers-ev-electric-vehicle-2023/

    Way before interest rates and ridiculous depreciation rates for EV cars changed everything
    in the market.
    I read the drive-off the lot loss for a 70,000 Tesla is 30,000. Makes the lease terms on
    new cars crazy expensive.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Fascist Flea@21:1/5 to All on Thu Mar 9 15:42:18 2023
    mINE109 wrote:

    GM has no faith in the US car market for the next decade as buyers don't want to rush to EVs and interest rates overall make new cars unaffordable.
    https://www.cnbc.com/2022/10/08/how-gm-plans-to-convince-car-buyers-to-make-the-ev-switch.html

    "General Motors is offering buyouts to most of its U.S. salaried
    workforce and some global executives in an effort to trim costs as it
    makes the transition to electric vehicles."

    So "work force" doesn't include the people who actually make cars.

    With respect, that's too fine a point for Stupid Shmoo scottw to grasp.
    All the dumb cluck needs to form an "opinion" is the whiff of a hint that someone might possibly be considering an action that could conceivably
    fan a tiny spark of hope for a Democrat to lose an election.

    Notice, if you will, that Señor Shmoo has no complaints about the suffering
    of pregnant women whose health and lives are threatened by the
    evil laws in red states. Nor does the Shmoo express the tiniest revulsion
    at the vile propaganda spewed by his beloved Carlson and the rest of
    the liars and hypocrites on Fucks Nooz. And as long as the looniest of the loony republigoons in Congress keep trying to make nice with Russia,
    the Shmoo will never, ever speak a discouraging word about their treachery.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Art Sackman@21:1/5 to All on Thu Mar 9 21:16:01 2023

    I read the drive-off the lot loss for a 70,000 Tesla is 30,000. Makes the lease terms on
    new cars crazy expensive.

    ScottW

    lets go straight to a used car emporium. I don't see a lot of under $40k used ones,
    especially any recent upper tier ones.
    . https://www.carvana.com/cars/tesla?utm_source=bing&utm_medium=sem_nb&utm_term=1&utm_campaign=382882873&utm_content=1207264254497648&utm_target=kwd-75454372174109:loc-71128&utm_creative=&utm_device=c&utm_adposition=&utm_rollup=1&msclkid=
    1ee03bdb9e59168ba2da5fd122713293

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From mINE109@21:1/5 to ScottW on Fri Mar 10 07:35:16 2023
    On 3/9/23 5:57 PM, ScottW wrote:
    On Thursday, March 9, 2023 at 3:03:18 PM UTC-8, mINE109 wrote:
    On 3/9/23 4:16 PM, ScottW wrote:
    GM has no faith in the US car market for the next decade as
    buyers don't want to rush to EVs and interest rates overall make
    new cars unaffordable.
    https://www.cnbc.com/2022/10/08/how-gm-plans-to-convince-car-buyers-to-make-the-ev-switch.html



    GM is “all-in” on electric vehicles and is bringing out EVs across
    styles and brands, from the Hummer to the Cadillac Lyriq and an
    all-electric Silverado.



    Demand is already high at the luxury end of the car market for
    limited production, with the Hummer recently closing to new
    reservations.

    https://www.cbsnews.com/news/gm-offers-buyouts-to-workers-ev-electric-vehicle-2023/


    Way before interest rates and ridiculous depreciation rates for EV
    cars changed everything in the market. I read the drive-off the lot
    loss for a 70,000 Tesla is 30,000. Makes the lease terms on new cars
    crazy expensive.

    That's Tesla, old designs in need of updating and with reputation loss
    due to Musk's twitter habit.

    https://www.msn.com/en-us/money/topstocks/general-motors-nyse-gm-ev-push-slows-should-investors-worry/ar-AA18p5wT

    "General Motors (NYSE:GM) is aggressively transitioning towards an
    all-electric future. While EVs (Electric Vehicles) provide significant
    growth opportunities for GM, the lower-than-expected output of its
    electric GMC Hummer pickup truck and Cadillac Lyriq SUV is a cause for
    concern. Nonetheless, the expected ramp-up in production in 2023 could
    give a significant lift to its stock.

    It’s worth highlighting that GM’s CEO, Mary Barra, termed 2023 a
    breakout year and expects to achieve EV profitability by 2025."

    Cost-cutting is a common corporate strategy and GM will go all EV
    despite this.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From ScottW@21:1/5 to Art Sackman on Fri Mar 10 09:43:41 2023
    On Thursday, March 9, 2023 at 9:16:02 PM UTC-8, Art Sackman wrote:
    I read the drive-off the lot loss for a 70,000 Tesla is 30,000. Makes the lease terms on
    new cars crazy expensive.

    ScottW
    lets go straight to a used car emporium. I don't see a lot of under $40k used ones,
    especially any recent upper tier ones.
    . https://www.carvana.com/cars/tesla?utm_source=bing&utm_medium=sem_nb&utm_term=1&utm_campaign=382882873&utm_content=1207264254497648&utm_target=kwd-75454372174109:loc-71128&utm_creative=&utm_device=c&utm_adposition=&utm_rollup=1&msclkid=
    1ee03bdb9e59168ba2da5fd122713293

    Carvanna is making money so private sale values are much less.
    Cheapest S is 95K and that's after Tesla slashed 10K off the base price.
    So I easily see the private party looking at 30K loss on your list prices for a used S.
    But his car with a 70K new price tag had to be a model Y.
    First one I see on Carvanna is 46K. And that's there "asking price".
    They wouldn't pay more than 40 for that.
    Kelly BB has trade in value of 40K.

    ScottW

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Fascist Flea@21:1/5 to All on Fri Mar 10 11:11:33 2023
    An apparent anomaly has launched from Shmooville.

    Carvanna is
    Cheapest
    So I
    But his car
    First one
    They
    Kelly BB

    Something unexpected has happened. The Shmoo-ogre has delivered an entire
    post without a single gratuitous insult or hypocritical accusation.

    Could this be a medically induced change? Or did one of Shmoo scottw's
    Real World tormentors unexpectedly die?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)