fordtech1 Posted December 3, 2019 Share Posted December 3, 2019 https://www.automobilemag.com/news/2020-chevy-corvette-c8-stingray-loses-money/ Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted December 3, 2019 Share Posted December 3, 2019 (edited) ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? Edited December 3, 2019 by fuzzymoomoo Quote Link to comment Share on other sites More sharing options...
mackinaw Posted December 3, 2019 Share Posted December 3, 2019 Taking a page from the Tesla work book? Quote Link to comment Share on other sites More sharing options...
akirby Posted December 3, 2019 Share Posted December 3, 2019 GM sells $60k corvettes and lose money. Ford sells $450K GTs. Tell me again how GM has a better plan than Ford? Quote Link to comment Share on other sites More sharing options...
twintornados Posted December 3, 2019 Share Posted December 3, 2019 In other words, the "GM Standard Operating Procedure" 1 Quote Link to comment Share on other sites More sharing options...
HotRunrGuy Posted December 3, 2019 Share Posted December 3, 2019 7 hours ago, akirby said: GM sells $60k corvettes and lose money. Ford sells $450K GTs. Tell me again how GM has a better plan than Ford? You might be on to something here. GM could closed the Bowling Green KY plant, put roughly a thousand people out of work, and out-source the build to a company like MultiMatic in Canada. HRG Quote Link to comment Share on other sites More sharing options...
twintornados Posted December 3, 2019 Share Posted December 3, 2019 19 minutes ago, HotRunrGuy said: You might be on to something here. GM could closed the Bowling Green KY plant, put roughly a thousand people out of work, and out-source the build to a company like MultiMatic in Canada. HRG So, your suggestion is to keep a plant going even though the product loses money? Man, I am glad you are not a financial adviser. Quote Link to comment Share on other sites More sharing options...
HotRunrGuy Posted December 3, 2019 Share Posted December 3, 2019 7 minutes ago, twintornados said: So, your suggestion is to keep a plant going even though the product loses money? Man, I am glad you are not a financial adviser. No, my suggestion is to see the $60K pricing as what it is, a "carrot" to the marketplace to help acceptance of the new configuration, and to avoid getting slammed in the press for a huge price increase. I'll bet within a couple of years the base price increases, as well as the break-even cost to produce decreases, as manufacturing gets more efficient with the new design. Heck, who ever thought that a "Mustang" would be built in Mexico? HRG Quote Link to comment Share on other sites More sharing options...
akirby Posted December 3, 2019 Share Posted December 3, 2019 1 hour ago, HotRunrGuy said: You might be on to something here. GM could closed the Bowling Green KY plant, put roughly a thousand people out of work, and out-source the build to a company like MultiMatic in Canada. HRG They could get just as much buzz with a $70K base price and it's easily justified by the performance. They might lose a few sales but it wouldn't hurt profits. This low base price might hurt residuals and resale value though. They just seem more concerned with sales volume than actual profits as evidenced by all of their decisions over the last 30 years. Just GM being GM. 4 Quote Link to comment Share on other sites More sharing options...
twintornados Posted December 3, 2019 Share Posted December 3, 2019 41 minutes ago, HotRunrGuy said: Heck, who ever thought that a "Mustang" would be built in Mexico? They were built in San Jose California and Metuchen New Jersey... Quote Link to comment Share on other sites More sharing options...
HotRunrGuy Posted December 3, 2019 Share Posted December 3, 2019 6 minutes ago, twintornados said: They were built in San Jose California and Metuchen New Jersey... Having spent time in nearby Hillside NJ, I understand completely,,,,,,, HRG 1 Quote Link to comment Share on other sites More sharing options...
grbeck Posted December 3, 2019 Share Posted December 3, 2019 1 hour ago, akirby said: They could get just as much buzz with a $70K base price and it's easily justified by the performance. They might lose a few sales but it wouldn't hurt profits. This low base price might hurt residuals and resale value though. They just seem more concerned with sales volume than actual profits as evidenced by all of their decisions over the last 30 years. Just GM being GM. The article says that the price needs to rise significantly for the Corvette to make money. The new Corvette seems to be a great car, but I'm not sure that the target market will accept that level of price increase. But I also can't see the accountants tolerating losses on each Corvette sold for very long. Somehow, I don't see this ending well... Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted December 3, 2019 Share Posted December 3, 2019 1 hour ago, twintornados said: They were built in San Jose California and Metuchen New Jersey... Technically Edison,NJ....or Little India, since there is a large population of people from the Indian Sub continent there now. And the Plant is now the site of a Costco... Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 3, 2019 Share Posted December 3, 2019 Is anyone surprised at this? Quote Link to comment Share on other sites More sharing options...
rperez817 Posted December 3, 2019 Share Posted December 3, 2019 36 minutes ago, rmc523 said: Is anyone surprised at this? The fact that C8 Corvette and Ford GT are loss leaders to a certain extent? No, not surprised. It's typical for "halo cars" to use that business model. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 3, 2019 Share Posted December 3, 2019 5 minutes ago, rperez817 said: The fact that C8 Corvette and Ford GT are loss leaders to a certain extent? No, not surprised. It's typical for "halo cars" to use that business model. You think Ford loses money on the GT? Quote Link to comment Share on other sites More sharing options...
rperez817 Posted December 3, 2019 Share Posted December 3, 2019 9 minutes ago, rmc523 said: You think Ford loses money on the GT? Yes sir. Any car with a production rate of 250 per year is going to lose money on every or nearly every unit sold. Quote Link to comment Share on other sites More sharing options...
twintornados Posted December 3, 2019 Share Posted December 3, 2019 48 minutes ago, rperez817 said: Yes sir. Any car with a production rate of 250 per year is going to lose money on every or nearly every unit sold. ..and you would be wrong. Quote Link to comment Share on other sites More sharing options...
mackinaw Posted December 3, 2019 Share Posted December 3, 2019 53 minutes ago, rperez817 said: Yes sir. Any car with a production rate of 250 per year is going to lose money on every or nearly every unit sold. Citation needed. Quote Link to comment Share on other sites More sharing options...
rperez817 Posted December 3, 2019 Share Posted December 3, 2019 (edited) 23 minutes ago, mackinaw said: Citation needed. Edited December 3, 2019 by rperez817 2 Quote Link to comment Share on other sites More sharing options...
mackinaw Posted December 3, 2019 Share Posted December 3, 2019 Nice try at diverting attention from your original statement, but you still need to supply some concrete information to back up your (as usual) outlandish claim. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 3, 2019 Share Posted December 3, 2019 (edited) 1 hour ago, rperez817 said: Yes sir. Any car with a production rate of 250 per year is going to lose money on every or nearly every unit sold. lol, are you kidding me? For a quick example, this brand would beg to differ..... Edited December 3, 2019 by rmc523 3 Quote Link to comment Share on other sites More sharing options...
probowler Posted December 5, 2019 Share Posted December 5, 2019 Why is GM's stock higher than Fords again? I just dont understand this company... Or the people that buy their crap. For all Ford problems, atleast they didn't need a bailout. And while I disagree with them leaving the small car market, at least their products actually make money. GM really needed to start at 70k atleast. As others have mentioned I definitely see that price raising in the future. Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted December 5, 2019 Share Posted December 5, 2019 13 hours ago, probowler said: Why is GM's stock higher than Fords again? Generally it deals with the Ford family having a controlling interest in the stock vs everyone else. its not as easily manipulated as GM stock is per say. Quote Link to comment Share on other sites More sharing options...
akirby Posted December 5, 2019 Share Posted December 5, 2019 GM's stock was at $40/share in 2007 while they were losing money left and right and less than a year away from bankruptcy. Tesla hasn't come close to a full year profit nor do they have any real plan to get there yet their stock price is $329. Stock prices have almost nothing to do with a company's financial health and long term viability and everything to do with short term gains and public popularity/trendiness. 1 Quote Link to comment Share on other sites More sharing options...
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