new gm financial news

[Inspector 17]

Originally Posted by OldTimer

Think about this. If they are still building test pilot cars they must have some parts in inventory to complete the car.

If I were in charge, I would make sure I had enough parts to at least get the early sold orders out, and, into the hands of those loyal die hard customers. That way I would have my product on the street for all to see so that when I had plenty of inventory I could get them out as fast as possible and the general public would be lined up to buy them.

OldTimer, I am not sure what you are getting at. Are you saying don't build the test cars?

[Barry626]

Originally Posted by MerF

No. You see, this is why people should have to show their high school diplomas to use the internet.

Problem is many don't have one

[edog]

Originally Posted by camaropete

Leatherneck, ithinkthatyoushouldbeabletoposthoweverinthehellyou want franklyithinkitismoreofachallengetotypelikethisand readthis perhapsifeveryonediditthiswaypeoplewouldtakemoreti mereadingpostsandputtingmorethoughtintotheirposts sofrommeyouposthoweveryouwant yourservicehasearnedyouthat!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!

Quit it! You are hurting my eyes...

[OldTimer]

Originally Posted by camaropete

OldTimer, I am not sure what you are getting at. Are you saying don't build the test cars?

No, not at all. First off, I am just assuming they have some inventory of all the parts they need to build these test cars. How many test cars do they build, I don't know. They must, however, have a certain inventory count of everything the production cars need. They may not have enough to build 50,000, but, do they have enough to meet the first 10,000 early sold orders we have committed to purchase?

Secondly, I was being somewhat sarcastic saying they should just build the first 10,000 early sold orders with the inventory they have and worry about getting the parts for the rest......... Again, I am assuming they have enough in inventory to do that. BIG assumption on my part and most asuredly wrong.

I made the mistake of sitting in a new 2009 3LT corvette today. Oh man, it just made me want my camaro now. $46,000 for a 3LT was very hard to pass on, but I did. I do believe I have passed my final test in waiting to the end for my camaro.

With all the drama that has come with this car, it is going to be a day to celebrate once it finally ends up in my garage!! I am saving up a weeks vacation just to drive it every day for a week.

[leatherneck]

Im an old vet who still thinks hes 25!!id like to thank the mods for their encouragement and patience. An I apoligize for my out burst. sincerely. I guess this old man is not in zinc with todays way of friendly cuts--raggin and jibs but takes things to personaly!


As you see I cant type a readable post if I want to--lolol

last but not least in yahoos financial page there is a new thread on GMAC stating that the federal treasury late tonight gave GM 5 billion dollars in loans. This is not the federal reserve that had set conditions that as of yet has not been met but are still in negociations

[leatherneck]

Im going to typye some of the news thread out so IM not mistating the facts of the thread


The Treasury Department will provvide 5 billion to GMAC Financial Services LLC, the ailing financial arm of GM Corp. From the 700 billion bank rescue program.

The Tresury said it will lend GM up to one billion so that the company can purchase additional equity that GMAC is planning to offer as part of the effort to raise more capital.


The assistance is "part" of a larger government effirt to aid the auto industry an is on top of the 17.4 billion agreed to by bush.


GMAC said late monday nightthat it has accepted all the bonds in the dept-for-equity swap and GMAC said it intends to act very quickly to allow lending to a larger contingent of customers.

The Tresury investmet does not mean to pass judgement on whether GMAC has met the feds requirements to raise additional capital.

[GTAHVIT]

Nice find,

Looks like good news. Lets just hope it will be exactly what GM needs.

[OUR72GTO]

Now we are cooking with gas!

[MerF]

Originally Posted by leatherneck

Im going to typye some of the news thread out so IM not mistating the facts of the thread


The Treasury Department will provvide 5 billion to GMAC Financial Services LLC, the ailing financial arm of GM Corp. From the 700 billion bank rescue program.

The Tresury said it will lend GM up to one billion so that the company can purchase additional equity that GMAC is planning to offer as part of the effort to raise more capital.


The assistance is "part" of a larger government effirt to aid the auto industry an is on top of the 17.4 billion agreed to by bush.


GMAC said late monday nightthat it has accepted all the bonds in the dept-for-equity swap and GMAC said it intends to act very quickly to allow lending to a larger contingent of customers.

The Tresury investmet does not mean to pass judgement on whether GMAC has met the feds requirements to raise additional capital.

Much better, sir. I'm sorry if I sounded condescending, it's just frustrating that I want to read the info and I couldn't understand it. Thanks for trying!

[Inspector 17]

Originally Posted by OldTimer

No, not at all. First off, I am just assuming they have some inventory of all the parts they need to build these test cars. How many test cars do they build, I don't know. They must, however, have a certain inventory count of everything the production cars need. They may not have enough to build 50,000, but, do they have enough to meet the first 10,000 early sold orders we have committed to purchase?

Secondly, I was being somewhat sarcastic saying they should just build the first 10,000 early sold orders with the inventory they have and worry about getting the parts for the rest......... Again, I am assuming they have enough in inventory to do that. BIG assumption on my part and most asuredly wrong...

I certainly can't speak with any level of factual information on this particular topic, but my guess would be that they have very little parts inventory on hand. This is the day of just-in-time inventory and my guess is that is why GM is crying foul and saying it will delay the Camaro release. I am sure they have some sitting on the shelves for a certain amount of cars, but I would guess that 10,000 is not the number. Perhaps someone from Oshawa (or any plant for that matter) can comment on how many days-on-hand inventory they typically keep. I am sure they would start rolling as many cars out as they do have inventory for though.

[TomServo]

Originally Posted by camaropete

I certainly can't speak with any level of factual information on this particular topic, but my guess would be that they have very little parts inventory on hand. This is the day of just-in-time inventory and my guess is that is why GM is crying foul and saying it will delay the Camaro release. I am sure they have some sitting on the shelves for a certain amount of cars, but I would guess that 10,000 is not the number. Perhaps someone from Oshawa (or any plant for that matter) can comment on how many days-on-hand inventory they typically keep. I am sure they would start rolling as many cars out as they do have inventory for though.

When I did my NCM delivery @ Bowling Green we were shown all the activity going on at the loading docks, our tour guide mentioned they are big time into "lean logistics" and have NO MORE than TWO DAYS worth of materials on hand.

[GTAHVIT]

^Wow,

[Inspector 17]

Originally Posted by TomServo

When I did my NCM delivery @ Bowling Green we were shown all the activity going on at the loading docks, our tour guide mentioned they are big time into "lean logistics" and have NO MORE than TWO DAYS worth of materials on hand.

Originally Posted by gtahvit

^Wow,

That's about what I would expect. The good news is that they don't need a lot inventory. With the issues at Cadence, if they can find someone to take over the production of those parts, they should be able to produce enough parts per day to support the initial Camaro production.