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GM sales fall as deals and fleet sales decline
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OneUChoopsfan Away
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Post: #1
GM sales fall as deals and fleet sales decline
http://finance.yahoo.com/news/GM-sales-f...et=&ccode=

GM sales fall as deals and fleet sales decline

GM reports 1.2 percent sales drop on cut in fleet sales, decline in deals

On Wednesday June 1, 2011, 10:54 am
DETROIT (AP) -- General Motors' U.S. sales fell 1.2 percent in May as it offered fewer deals to customers.

The largest U.S. car company says it sold just over 221,000 vehicles last month, led by smaller, more fuel-efficient models.

GM blamed the drop mainly on a decision to cut sales to rental car companies by 16 percent compared with a year earlier.

While sales to individual buyers rose 9 percent, the company did cut back on rebates and other incentives.

Sales were led by the new Chevrolet Cruze compact and Chevrolet Equinox crossover vehicle.

GM is the first major car company to report U.S. sales on Wednesday. Industry analysts expect overall U.S. sales to fall 4 percent from last May.

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My observation:
I drive a fair amount & see quite a few U.S. Government vehicles on the highways. They are ALL GM vehicles, and none are base models. They have high end accessory packages, not to mention a fair amount are SUVs. Next time I see one parked at Burger King, I think I ask for the keys and take the car I bought out for a spin.
 
(This post was last modified: 06-01-2011 11:08 AM by OneUChoopsfan.)
06-01-2011 11:06 AM
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ctipton Offline
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Post: #2
RE: GM sales fall as deals and fleet sales decline
The Story of Bathala


In the beginning of time there were three powerful gods who lived in the universe. Bathala was the caretaker of the earth, Ulilang Kaluluwa, a huge serpent who lived in the clouds, and Galang Kaluluwa, the winged god who loves to wander. These three gods did not know each other. Bathala often dreamt of creating mortals but the empty earth stops him from doing so. Ulilang Kaluluwa who was equally lonely as Bathala, liked to visit places and the earth was his favorite. One day the two gods met. Ulilang Kaluluwa was not pleased. He challenged Bathala to a fight to decide who would be the ruler of the universe. After three days and three nights, Ulilang Kaluluwa was slain by Bathala. Instead of giving him a proper burial, Bathala burned the snake's remains. A few years later the third god, Galang Kaluluwa, wandered into Bathala's home. He welcomed the winged god with much kindness and even invited him to live in his kingdom. They became true friends and were very happy for many years.

Galang Kaluluwa became very ill. Before he died he instructed Bathala to bury him on the spot where Ulilang Kaluluwa’s body was burned. Bathala did exactly as he was told. Out of the grave of the two dead gods grew a tall tree with a big round nut, which is the coconut tree. Bathala took the nut and husked it. He noticed that the inner skin was hard. The nut itself reminded him of Galang Kaluluwa’s head. It had two eyes, a flat nose, and a round mouth. Its leaves looked so much like the wings of his dear winged friend. But the trunk was hard and ugly, like the body of his enemy, the snake Ulilang Kaluluwa.

Bathala realized that he was ready to create the creatures he wanted with him on earth. He created the vegetation, animals, and the first man and woman. Bathala built a house for them out of the trunk and leaves of the coconut trees. For food, they drank the coconut juice and ate its delicious white meat. Its leaves, they discovered, were great for making mats, hats, and brooms. Its fiber could be used for rope and many other things.
 
06-01-2011 11:20 AM
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SeniorBearcat Offline
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Post: #3
RE: GM sales fall as deals and fleet sales decline
After 5 months, the market is up about 7%...GM is down 16%...in fairness, Ford is also down 14% as well.
 
06-01-2011 12:29 PM
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chicago bearcat Offline
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Post: #4
RE: GM sales fall as deals and fleet sales decline
(06-01-2011 12:29 PM)SeniorBearcat Wrote:  After 5 months, the market is up about 7%...GM is down 16%...in fairness, Ford is also down 14% as well.

Both Ford and GM will do really well in the next few years. Ford obviously is positioned better and thats why of two I would pick Ford to invest in. However, as I said earlier wouldn't surprise me at all to see GM stock hit $50 in a year.
 
06-01-2011 02:14 PM
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