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While crosstown rival Ford Motor struggles to find its Way Forward, General Motors seems to be making solid progress with its North American recovery program, with General Motors vice president Brent Dewar reporting that the company is on track to sell 3 million vehicles in the U.S. this year, virtually unchanged from 2005, when sales got a boost from massive incentive programs.
With monthly year-over-year numbers down in the summer months, when 2005's incentive programs were in full swing, GM is expecting strong growth through the rest of the year, driven by its new SUVs and trucks (and their high profit margins). GM is also making progress on reducing its dependence on incentives to juice sales - the automaker reports that 2006 incentives are down an average of $900 per vehicle.

With two key new models launching in the near future, the Chevy Silverado and GMC Sierra, the company is expecting another boost in the truck segment, aided by its new five-year, 100,000 mile powertrain warranty program.

[Source: Reuters]

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    • 1 Second Ago
      • 8 Years Ago
      Oh yes he did.
      Now on to those outrageous union contracts.
      I hope GM negotiates firing for shoddy work, incentives for good work, medical copays and 401Ks.
      That should do it.
      And killthe jobs bank while they're at it.
      • 8 Years Ago
      3 million out of a market of 17 million vehicles is 17.6 per cent or so. I thought GM has a 25 per cent market share?
      • 8 Years Ago
      I visited a Chevy dealership the other night after hours, just to browse. They have some interesting products, but they all have a few serious flaws here or there that give a buyer pause.

      It sounds like the new Silverado/Sierra will be a shot in the arm for GM. The stability control and good-for-class mpg numbers, and excellent interiors are a plus. However, I would pass on an '07 model with the old 4 speed and same old 5.3L engine. I had a Silverado previously and it was not nearly as smooth as the Tundra drivetrain. I would expect new designs to have more modern engines and transmissions.

      Like i said, they do a pretty good job, but seem to leave the job unfinished, and sometimes lose sales because of it. I also have an '03 Saab. Nice car, safe, good looking, decent performing. But why not spend $500 more on interior materials to avoid having to give them away with huge discounts? Instead, I had to buy heated seats, a sunroof, onstar, and the stupid "infotainment" to get the car I wanted. About $3000 in extras I didn't want.

      They're close, but no cigar, yet. I suspect the bean counters have ruined this company. The trim outjustenough quality to turn off buyers.
      • 8 Years Ago
      In addition, anyone looked at GM's stock? About 33 today, lets see, I bought 3,000 shares in January while everyone was in the doom and gloom mode @ 18.30. Target share price is 35. A few more decent reports and an off junk status--- 35 might look cheap. Think Kirkorian made a few bucks?
      • 8 Years Ago
      I remember when Bill Ford, Jr., was being hailed as the model reformer for the US auto industry just months back. “Analysts” said GM wasn’t doing enough. GM sales have stayed strong this year, while Ford’s have plummeted. Now Billy’s out and the company announced the second “restructuring” plan this year. I am looking forward to seeing the new Silverado take on the new Tundra from Toyota.