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Well, at least we got our money back before they followed their normal pattern of failing.
Why doesn't GM or others build something here in MN up North? The iron comes right out of the ground here. They could just rail ship it right to the plant in Duluth. Make some fenders and hoods, and boxes. Nope, taxes too high? Parts made all over the planet and shipped to Canada and Mexico for assembly for most of the cars sold in the US. Yes, I know, a few are assembled in US, including the Silverado in Flint, MI.
The key number that neither of the writers noticed is that net income fell 14% in the first qt. Now that is a big fall and all the rest is oat meal. And just how are people going to continue to buy cars when the average new household income is now $46,000.00 in the U.S.A. Prior to the terrible crash of 2008, the HH income was $56,000.00! Look at the drop in the income? People are losing money month by month. And just whom can continue to buy new trucks and cars? Not for long, people. Those two numbers tell us all we really need to know. Almost half of all college grauates cannot find a job. And see the baby-boomers who now are retiring. That means less income for almost all of them. Mirage. Yes, that is what I see.
If GM's hopes are riding on the success of the 2014 trucks they are going to be in a world of hurt! The "new" Silverado and Sierra trucks are nothing more than lukewarm, reheated versions of the current vehicle. The 2015 F-150 will be all new, will offer many new features and options, and absolutely stole the thunder from GM during this past car show season!
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