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post #81 of 84 (permalink) Old 08-26-2005, 09:41 AM
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Originally Posted by An04Prius
The real question for GM employees, stockholders, watchers, is: after employee pricing for everyone, extended several times, what will be Act II ??

Management must be anxiously writing and re-writing Act II at this very moment. Who will be the actors, what will be the story line ?
The final act??

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post #82 of 84 (permalink) Old 08-26-2005, 11:24 AM
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Todays article with the extension noted, GM announced profits were rising which may lead to the employee discounts being offered indefinately. .... Let's see if this has any effect the entire auto industry!
It would be nice to see a twenty thousand Prius again. We might see more on the streets.



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post #83 of 84 (permalink) Old 08-26-2005, 11:30 AM
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I'm telling you, if the Prius are selling like hotcakes at $26K, there's no incentive for Toyota to reduce the price on them.

Why do you think gas prices are still high? If people are buying them at $3/gal, there's no point for the oil companies to work to get the price back down to $2/gal.

Now if GM comes out with a comparable car to the Prius, and prices the loaded feature version at $20K, THEN Toyota would have an incentive to lower the price. But just because the Malibu is selling for less than a Kia doesn't mean the Prius price will come down.
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post #84 of 84 (permalink) Old 08-26-2005, 06:17 PM
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Quote:
Originally Posted by An04Prius
The real question for GM employees, stockholders, watchers, is: after employee pricing for everyone, extended several times, what will be Act II ??

Management must be anxiously writing and re-writing Act II at this very moment. Who will be the actors, what will be the story line ?
From today's L.A. Times, an article by the Times staff and Bloomberg News:

"Some large 2006 sport utility vehicles and pickup trucks, including GM's Cadillac Escalade and Chevrolet Silverado, will be added to the [employee discount] offer(....)

"Moody's Investors Service reduced the company's credit rating to high-risk, high-yield junk Wednesday, citing the need for GM to reduce its dependence on large incentives.

"'Adding 2006 SUVs is like the kiss of death,' said Rebecca Lindland, an analyst for Lexington, Mass.-based Global Insight Inc. 'Where do they stop it?' (...)

"The employee discounts on 2005 models are losing effectiveness in August, said Jeremy Anwyl, president of automotive data service Edmunds.com.

"'August has been a very slow month for domestic automakers,' Anwyl said. (...)

"Ford on Aug. 1 said it would extend the promotion to some 2006 SUVs, including its Ford Escape, Ford Explorer and Super-Duty pickups. (...)

"Ford, which also was lowered to junk by Moody's on Wednesday, cut about 1,000 U.S. salaried jobs in the second quarter and is in the midst of paring an additional 5%, or about 1,700 jobs, from its North American automotive workforce."
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