And now, rumors of GM buying Ford...
#61
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I was reading an article about Tesla's money problems and the prospect of bankruptcy. Author was talking about how the average margin on a vehicle is about 6%. Not sure of the accuracy of that but sounds legit. 6% profit margins is a pathetic number in the marketplace in general. He made the point of saying building cars is "dumb" because of how hard it is and how hard it is to make money.
Meanwhile, people think they are getting ripped off by today's "outrageous" car prices. On the contrary, a $35,000 car is a miracle for only costing that much. Think of every aspect of the car and imagine bringing it all together for $35K.
Meanwhile, people think they are getting ripped off by today's "outrageous" car prices. On the contrary, a $35,000 car is a miracle for only costing that much. Think of every aspect of the car and imagine bringing it all together for $35K.
#62
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I was reading an article about Tesla's money problems and the prospect of bankruptcy. Author was talking about how the average margin on a vehicle is about 6%. Not sure of the accuracy of that but sounds legit. 6% profit margins is a pathetic number in the marketplace in general. He made the point of saying building cars is "dumb" because of how hard it is and how hard it is to make money.
Meanwhile, people think they are getting ripped off by today's "outrageous" car prices. On the contrary, a $35,000 car is a miracle for only costing that much. Think of every aspect of the car and imagine bringing it all together for $35K.
Meanwhile, people think they are getting ripped off by today's "outrageous" car prices. On the contrary, a $35,000 car is a miracle for only costing that much. Think of every aspect of the car and imagine bringing it all together for $35K.
#63
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Back to GM and Ford, as of now, this story may just be more rumor than fact.
https://cleantechnica.com/2019/05/30...t-about-tesla/
I myself, as I have said before, have strong doubts that American regulators would approve the merger of two giant corporations of this size.
https://cleantechnica.com/2019/05/30...t-about-tesla/
I myself, as I have said before, have strong doubts that American regulators would approve the merger of two giant corporations of this size.
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Like I mentioned in a previous post, can you simply imagine all of the F-150, Silverado, and Sierra full-size truck sales in one large corporation?
Last edited by mmarshall; 06-01-19 at 07:03 AM.
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Imagine Mustang and Camaro, F-Series and Silverado the same company? Branding and heritage would suddenly become irrelevant.
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On that one, I'll probably have to agree with you, although the European 3-way rivalry between Renault, Fiat, and Volkswagen has also been of note. If Renault ends up buying Fiat (Fiat has been looking for a buyer for years), it could be comparable to a GM/Ford monolith in size.
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CNN and FoxNews merging actually makes more sense--there's no overlapping viewers. Having Chevy and Ford under the same umbrella competing for the exact same customer is nonsense.
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On the other hand, who ever thought that Mercedes and Chrysler would, some day, be part of the same corporation? In fairness, though, neither one of those two companies is anywhere near the size of Ford or GM. Regulators would probably have to be smoking dope to approve a Ford/GM merger....not necessarily because it would be a "sacrilege", but because it would simply control too much of the American market.
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@-J-P-L- is exactly right--a merger like DaimlerChrysler makes a heck of a lot more sense.
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If absolute share price is the arbiter of a well run company, than anyone who buys any stock other than BRK.A (Berkshire Hathaway) is a damn fool. Closed yesterday at $297,060 per share.
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On that one, I'll probably have to agree with you, although the European 3-way rivalry between Renault, Fiat, and Volkswagen has also been of note. If Renault ends up buying Fiat (Fiat has been looking for a buyer for years), it could be comparable to a GM/Ford monolith in size.
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