It's Probably Nothing

Car ownership/markets are an indication of middle class financial health. Middle class financial health is directly equivalent to national economic health which runs on the expansion side of the consumer index.

In the case of auto purchase, extortive union labor costs, government environmental regulating and carbon taxing, value added taxing of the industry’s supply chain and credit costs/timidity have pushed the purchase of a new car beyond the reach of a majority of middle class families. Used car sales are up for the 4th year in a row. Add to this oil supply control and political taxing of fuel plus ridiculous premium costs of insuring a new car and there is no real incentive to buy new.

I see government ideologically motivated austerity taxing as the epicenter of the auto industry/market decline. Most transnational progressive legislators are comfortable with vastly reducing the number of people driving cars - they see personal transportation as the same problem as industrial carbon output. They tax accordingly. In the UN acolyte legislator's mind we are living in a POST-industrial, POST-democratic age of globally enforced consumer austerity - just ask them, they're open enough about it. The radical left (which now pull the levers of power in western green politics) gave always despised the auto industry and the middle class auto consumer - a virulent hatred that has permeated their narrative since the 60s. The family car is a main target of their sustainability agenda.

But it is necessary to understand access to low cost personal transportation is tied directly to individual economic freedom and national prosperity. Cheap transportation built the modern industrial nation and its middleclass wealth. We have a mobile work force. Personal transport frees you from the employment monopoly of one region because you can commute/move to a better job it gives independence to private entrepreneurs like construction/building contractors, farmers and service industry tradesmen - as long as you are mobile you are free of local employment and marketing combines fixing costs and prices – you are independently mobile able to seek a better job, a better deal, better selection or quality in another location – most of all personal mobility makes you independent of government assistance you would need had you no way to escape a local conditions - and don’t the folks at the Agenda 21 council know it.

Much of the political motivation for the green tax regimes which are destroying the auto industry and car ownership are focused at ultimately restricting your travel and making you dependent on government infrastructure once you are no longer independently mobile. It's a vile treacherous intent but it is obviously a main agenda of the climate/sustainability elites - I urge you to read some of the leaked documents from Rio and UN Agenda 21 council discussion - it's all there in plain sight.

We have to ask our politicians why they buy into this self-destructive agenda.

Occam:

Meanwhile Chrysler continues to set sales records. Fiat now credits it's purchase of chryco with saving fiat.

GMs issues remain a lack of managerial imagination and drive (govt appointed directors etc are a cause) and vehicles that reflect that malaise.

GM is soon to launch a replacement of its pickup. If it fails the company could too...

I will never buy GM, I have a Jeep, and have owned Ford. That little Fiat looks interesting, but so does the Victory Motorcycle made in America. GM is so screwed and they dont even know it.

Well. When the taxpayer is made to bail you out throught the gubermint,you really don't have to give a crap about your stock value,do you.
Occam....well said.

At least we can afford to bail them out again here in Ontario.

I mean, thanks to Dildo McDinky's Green Energy Act and our astute voters, our province is an economic powerhouse!

Except GM has been profitable the last two quarters 4% and 7%. Expected is 78c/share or 18% for this quarter even with the stock down, which is still profitable, exceptionally profitable. Then again, I wouldn't buy a chrysler, though my sisters 1500 is pretty nice out west, my only complaint is riding in it is like riding in a rock. Even though it's equipped with air ride.

The only thing that ticks me off about GM is them killing Saturn, I love my Saturn. My little SW2 is still going strong and I'll probably keep it until it dies, which at this rate will be another 5-6 years. That'll mean the car will be 20-21 years old.

"The only thing that ticks me off about GM is them killing Saturn, I love my Saturn."
The fact they stole BILLIONS of taxpayers $'s,with NO payback clause,doesn't tick you off? Jeessuuussss.Are your priorities f&^ked up! And why our 2 countries are so fubared.

Wow you really think that it's not debt that isn't or hasn't been repaid and you believe that? Amazing what people believe when they don't do the research on their own.

Amazing what people believe when they don't do the research on their own.
~Eli

Darn Oz...beat me to it replying to the idjit.(TKS)
Of course,the other fund is also only taxpayers money,so it's all the same to the leftards. Any bets Eli actually thinks that gubermint ACTUALLY makes money(and I don't mean at the mint)

Some "profits" exist only because of accounting gimmicks and tax breaks.

http://news.investors.com/article/616849/201207030826/gm-bailout-taxpayer-loss-rises-as-shares-fall.htm

Wait, I'm the idjit, but the loan has been repaid in full. Through a secondary fund which is correct, now go back to the quarterly reports found here: http://bit.ly/LSEhjh and you'll find the records of the repayment of that existing debt on the secondary debt.

DERP and on the interest of said debt. And I'm the idiot, because I'm the one can actually read quarterly financials or something? Right...gee I'm glad I'm the only one out of the last 3 posts that knows how to make money on the stock market, and currency market too.

Somebody sure is busy sucking chimp duck...

Or something like that...