[Martinjlm]

GM continues to exceed financial analysts’ earnings expectations. Likelihood of a CEO of any company being fired under those circumstances? Snowball fights in hell are more likely.

[olrocker]

Originally Posted by Martinjlm

GM continues to exceed financial analysts’ earnings expectations. Likelihood of a CEO of any company being fired under those circumstances? Snowball fights in hell are more likely.

Queen Mary publicly stated she was caught “off guard” that EVs are political…..

That tells me she’s either not paying attention or complicity lying to remain in the left wing’s pocket.

Either way GM’s investors can’t be thrilled with that.

You’ll spin it all sorts of ways I’m sure but that’s the facts and the cold hard truth.

Go in. Spin your turntable there DJ.

[FarmerFran]

@Martinjlm Does GM have an ICE platform they can make a new Camaro?

[Martinjlm]

Originally Posted by FarmerFran

@Martinjlm Does GM have an ICE platform they can make a new Camaro?

Alpha is still around until CT4/5 are eventually retired. Technically, C8 could be used to launch a mid-engine Camaro. At one time we were looking at doing 2nd gen Solstice on the Y1 platform as Corvette moved to Y2 (C6, C7). That was, of course, before the decision to fold Pontiac.

[Martinjlm]

Originally Posted by olrocker

Queen Mary publicly stated she was caught “off guard” that EVs are political…..

That tells me she’s either not paying attention or complicity lying to remain in the left wing’s pocket.

Either way GM’s investors can’t be thrilled with that.

You’ll spin it all sorts of ways I’m sure but that’s the facts and the cold hard truth.

Go in. Spin your turntable there DJ.

Well, so far Mary Barra has been CEO of GM for 10 years. Second longest term in GM history. She probably won’t catch Alfred P. Sloan (33 years) but she has lasted longer than Roger Smith, Rick Wagoner, Bob Stempel and any of the other notable GM CEOs.

If there was ever a point in time where the board or investors may have wanted to move her out, it would have been with the implosion of Cruise. They didn’t move a finger and left her alone to fix it. She’s pretty much done fixing it.

[Capricio]

Originally Posted by SomeGeoffGuy

Yea, especially considering that the only profit comes from ICE now. I wish GM would report their earnings the same as Ford - separate between ICE and EV. I think they are painting a rosy picture where one doesn't exist.

-Geoff

...so, where do all those ICE profits end up??



https://insideevs.com/news/742024/te...-sales-profit/


We have to sell enough V8s to keep EVs going!! It all makes sense, kind of...



https://www.theautopian.com/there-ar...electric-cars/

I say all of this because there are too many 2nd generation cars and not enough buyers. According to Cox Automotive, there were about 60 distinct electric models for sale in the first half of 2024, adding up to total sales of around 599,372 vehicles.




Tesla sales cover 304,451 vehicles of those, which is an improvement over last year for the rest of the market, but still means that Tesla still controls a huge part of the market. Subtracting Tesla’s five models, that’s about 50 cars all fighting for the rest of the pie (imagine half a pie cut up 50 ways). The most popular other vehicle in the first half of the year, adding up to 22,234 vehicles, was the money-losing Ford Mustang Mach-E. Put that next to the 198,030 Model Ys that Tesla sold in that same period and it’s not that impressive.
Even if the market continued to grow 10% year-over-year (it probably won’t) it’s just too many cars for not enough buyers.

Keep betting the farm on your little sliver of pie, Queen Mary.

[Need4Camaro]

I have heavy doubts.

- They didn't really care enough about the car to market it
- It was spec'd well outside of the price range of its buyer base
- With the investments and advancements in EV's it just wouldn't make sense to reallocate resources to bring back an ICE Trim

I do wish we could have carbon free alternative fuel vehicles that rely on ICE motors, but GM is heavy set on EV's, perhaps a little too aggressively in my honest opinion.

[Martinjlm]

Originally Posted by MyNameIs

She was installed by Barack O'Bamma as part of the bail out agreement.

Mary Barra, Mark Reuss, and Dan Ammann were all being groomed for the CEO position before the bankruptcy. Apparently Mary Barra won out. Since then the company has been putting up solid financial results. That’s what boards of directors and financial investors look for. She is not in danger of being fired because people are pissed off over Camaro getting canned.

[FarmerFran]

I just hope they do not revive it like Dodge. While I am sure the Daytona ICE with the I6 will grow on me in time (like a fungus), there is nothing like the V8 rumble.

Hell I can get a 2025 Model 3 performance and tear it up, sub 11 in the 1320, sub 3 to 60, drift mode, track mode... but the rumble man, the rumble

[Bosse'sBoss]

It's like wishing for a C8 with a MT. If you love your SS1LE and want to upgrade, get a 6th gen ZL1. It's not the first time that GM gets rid of the Camaro and now GM wants to only focus in C8 sales, as their only sport car option. If it comes back they already said it would be a 4 door EV like the Mach-E from FORD. I also think is wrong because they should kept the Camaro muscle car more accessible for the public in general, the great FE V8 Muscle car, if they wanted electrical cars, a V8 hybrid would have been a great option.

[Martinjlm]

Originally Posted by Bosse'sBoss

It's like wishing for a C8 with a MT. If you love your SS1LE and want to upgrade, get a 6th gen ZL1. It's not the first time that GM gets rid of the Camaro and now GM wants to only focus in C8 sales, as their only sport car option. If it comes back they already said it would be a 4 door EV like the Mach-E from FORD. I also think is wrong because they should kept the Camaro muscle car more accessible for the public in general, the great FE V8 Muscle car, if they wanted electrical cars, a V8 hybrid would have been a great option.

Just for the record…NOBODY at GM has ever said any such things. Random people on the internet have, but NOBODY at GM has said this.

[m6-lt1]

Originally Posted by Martinjlm

Mary Barra, Mark Reuss, and Dan Ammann were all being groomed for the CEO position before the bankruptcy. Apparently Mary Barra won out. Since then the company has been putting up solid financial results. That’s what boards of directors and financial investors look for. She is not in danger of being fired because people are pissed off over Camaro getting canned.

Martin I’ve defended Mary on these boards for the reasons you speak of before however this chart with actual data has changed my mind on her. The only part of the chart that shows a bunch of high growth is the post covid part. We can’t really judge her on that part very much because almost ALL corporations have a similar amount of growth post covid due to “inflation” ie corporate greed. The part of the chart with all the growth is after all the BS MSRP increases that all manufacturers have been doing and only building higher dollar higher option cars instead of stuff we can actually afford. Prior to Covid I’d say she was just doing okay (not bad but not great). Let’s see how she/GM does now that a lot of folks have been priced out of being able to buy new cars due to all the msrp increases. If she responds by lower prices to increase sales I’ll give her props but I foresee GM and all other manufacturers taking hits the next few quarters due to all their greed.

[Capricio]

The whole "strategy" just seems to be making huge margins on evil V8 trucks/SUVs to pay for losses on EVs with pitiful sales numbers and carbon credits for Elan. If/when the $7500 federal rebates end, Tesla will only further dominate the US EV market, while the ChiComs route everyone out overseas.

https://www.cnn.com/2024/11/15/busin...dit/index.html

[Martinjlm]

Originally Posted by m6-lt1

Martin I’ve defended Mary on these boards for the reasons you speak of before however this chart with actual data has changed my mind on her. The only part of the chart that shows a bunch of high growth is the post covid part. We can’t really judge her on that part very much because almost ALL corporations have a similar amount of growth post covid due to “inflation” ie corporate greed. The part of the chart with all the growth is after all the BS MSRP increases that all manufacturers have been doing and only building higher dollar higher option cars instead of stuff we can actually afford. Prior to Covid I’d say she was just doing okay (not bad but not great). Let’s see how she/GM does now that a lot of folks have been priced out of being able to buy new cars due to all the msrp increases. If she responds by lower prices to increase sales I’ll give her props but I foresee GM and all other manufacturers taking hits the next few quarters due to all their greed.

Very valid position. Much more thought out than “DEI hire” ranting. :/. I think the better measure would be to see how similar companies, both in and out of the auto industry look on the same chart metrics. Maybe I’ll take a look at that.