$General Motors (GM.US)$ The main problem I have is the exec...
$General Motors(GM.US$ The main problem I have is the execution on their products. I know they can make a really good EV. But the Bolt was an uninspired effort. They then overcompensated with the Hummer. It sounds like an amazing truck, but at 10,000 lbs, over $100K, plus the Hummer name and it looks more like a circus stunt than anything. It doesn't sound like they will have the Silverado EV on the market until well into 2023.
I'll be curious to see reviews of the Cadillac Lyriq. It looks like it has great value for a luxury segment vehicle. It looks affordable enough to be competing with the Model Y as much as the Model S. Maybe that is the vehicle that can positively define GM going forward.
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wallstreet wolf : I disagree with you re the Hummer. It is the anti-Bolt which as you say was an uninspired effort.. There is no inspiration deficit with the Hummer! The Hummer is the first Ultium powered offering and should make a great splash and be solidly profitable. Hopefully, they pull it off ...
Raeann Loebs wallstreet wolf: Maybe the engineering of the truck itself is inspired. I don't think the marketing is. And I believe they need to bring the price down to really make a positive impact in the mind of the mass car buying public.
CMebaby wallstreet wolf: Can you handle the $100,000 MSRP of the HUMMER ?Most people can't and won't .
Mack Swire CMebaby: That is part of the splash factor... exclusivity.
jedgggg Mack Swire: That would be fine for a company like Porsche. Problem is, GM is not Porsche.
woodfill jedgggg: No that is not the problem, that is the solution.
Bill kim woodfill: So you are saying the solution for GM to basically tell its middle class consumer base to go **c* themselves?
Mr Fortuneteller CMebaby: Larer vehicles, like pick-up trucks, and Hummer, qualify as business/commercial vehicles, and are essentially tax-subsidized as a small business expense, if the owner can tie the vehicle to a small business, which many can - farmers, small building/trademan contractors, etc. So, for a private citizen, $100K is a lot. For a small business, it's a lot, but subsidized.
That's why auto makers - GM, Ford - enjoy such high margins on these larger vehicles.
woodfill : Unfortunately for ZM the juggernaut has put the final nail in the coffin. How do you value Zoom now that it appears there will be zero growth, as Microsoft takes it all??