Hummer Forums by Elcova  
Forums - Home
Source Decals

Source Motors
Custom. Accessories.

H2 Accessories
H3 Accessories
Other Vehicles

H2 Source

H2 Member Photos
H2 Owners Map
H2 Classifieds
H2 Photo Gallery
SUT Photo Gallery
H2 Details

H2 Club

Chapters
Application

H3 Source

H3 Member Photos
H3 Classifieds
H3 Photo Gallery
H3 Owners Map
H3 Details
H3T Concept

H1 Source

H1 Member Photos
H1 Classifieds
H1 Photo Gallery
H1 Details

General Info

Hummer Dealers
Contact
Advertise

Sponsored Ads










 


Source Motors - custom. accessories.


Go Back   Hummer Forums by Elcova > ETC. Forums > General Off Topic

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 06-28-2007, 03:10 PM
NewHummerGuy's Avatar
NewHummerGuy NewHummerGuy is offline
Hummer Authority
 
Join Date: Oct 2005
Location: Where you live??
Posts: 1,947
NewHummerGuy is an unknown quantity at this point
Default GM to sell Allison Transmission

http://money.cnn.com/2007/06/28/news...ion=2007062809
__________________
___________________________________________

I'm Gonna crazy you my body
=================
Reply With Quote
  #2  
Old 06-28-2007, 04:55 PM
Steve - SanJose
 
Posts: n/a
Default Re: GM to sell Allison Transmission

Bleeding off assets like Ford, instead of concentrating on operating results and profits. Desperate measures.
Reply With Quote
  #3  
Old 06-28-2007, 05:15 PM
f5fstop's Avatar
f5fstop f5fstop is offline
Hummer Guru
 
Join Date: Jul 2005
Location: Idaho
Posts: 4,744
f5fstop is an unknown quantity at this point
Default Re: GM to sell Allison Transmission

Not quite as bad as Ford...yet. Ford sold all their plants to a third party and are technically leasing them back (a lease back agreement). GM is just selling off everything but their car/truck units, and getting back to the basics.
Besides, this puts the workers at Allison under a new owner, so if Allison starts to go under, GM is not responsible. (Not that Allison will be going under.)
__________________
Black Sheep Hummer Squadron
(ME TOO)
Reply With Quote
  #4  
Old 06-28-2007, 05:22 PM
Desert Dan's Avatar
Desert Dan Desert Dan is offline
Hummer Expert
 
Join Date: May 2005
Location: Southern California
Posts: 829
Desert Dan is an unknown quantity at this point
Default Re: GM to sell Allison Transmission

Why sell for $5.57 billion if Allison has sales of about $2 billion a year??

GM must need cash fast.
__________________
Desert Dan

H3 2006 Adventure/Lux/5-speed/sunroof/rock rails/underbody skids/block heater/Boulder Grey/ Defender Roof Rack

Jeep TJ Rubicon 2003
1988 Jeep Cherokee

Gone - But- Not Forgotten 4x4's
1994 Jeep YJ
Toyota 4x4 Truck(s)
1970 Jeep CJ-5
1962 Willys Wagon
Reply With Quote
  #5  
Old 06-28-2007, 05:23 PM
Steve - SanJose
 
Posts: n/a
Default Re: GM to sell Allison Transmission

Can't knock getting back to the basics and core business. I hope to see focus on producing the best in class automotive products. Here in high tech, the best products always prevail, other fluff is secondary.
Reply With Quote
  #6  
Old 06-28-2007, 06:11 PM
usetosellhummer's Avatar
usetosellhummer usetosellhummer is offline
Hummer Guru
 
Join Date: Mar 2005
Posts: 3,356
usetosellhummer is an unknown quantity at this point
Default Re: GM to sell Allison Transmission

Doing what they do best instead of trying to do everything a.k.a. Delphi, GMAC, etc. If I had money I would buy a load of GM stock now and be ready to retire in a few years.
Reply With Quote
  #7  
Old 06-28-2007, 09:18 PM
Steve - SanJose
 
Posts: n/a
Default Re: GM to sell Allison Transmission

I'm not sure I'd want to buy too much of that GM stock...
Reply With Quote
  #8  
Old 06-28-2007, 09:38 PM
f5fstop's Avatar
f5fstop f5fstop is offline
Hummer Guru
 
Join Date: Jul 2005
Location: Idaho
Posts: 4,744
f5fstop is an unknown quantity at this point
Default Re: GM to sell Allison Transmission

Quote:
Originally Posted by Desert Dan
Why sell for $5.57 billion if Allison has sales of about $2 billion a year??

GM must need cash fast.

What's the profit per year, not the sales. GM has enourmous sales but low profits. I would not say GM needs cash FAST, they have about 18 billion in case assets, and they are starting to make small profits after expenses.
What the papers around here are reporting is that GM wants to get back to its core business, making cars/trucks.
__________________
Black Sheep Hummer Squadron
(ME TOO)
Reply With Quote
  #9  
Old 06-29-2007, 12:42 AM
Steve - SanJose
 
Posts: n/a
Default Re: GM to sell Allison Transmission

GM has over $40 billion in long term debt. It costs a ton of money to service that type of debt load.
Reply With Quote
  #10  
Old 06-29-2007, 01:38 AM
f5fstop's Avatar
f5fstop f5fstop is offline
Hummer Guru
 
Join Date: Jul 2005
Location: Idaho
Posts: 4,744
f5fstop is an unknown quantity at this point
Default Re: GM to sell Allison Transmission

And part of that 40 billion in long term debt is retirement and GM is fully funded in their retirement requirements. In fact, they are over funded, that was in a recent article in the Detroit News or Free Press. So half that long term debt is sitting in funds they cannot touch so is it really a debt?
What amazes me is the number of people who drive GM vehicles who do nothing but condemn everyhing the company does from the vehicles it manufactures to the components of its company it sell off.
Not just here on this forum, it is happening on the Vette fourm, and probably on a dozen other GM vehicle forum.
Sure GM is selling off some of their non-core companies, but does this mean doom and gloom? I hope not, then if it does, ya'll have to start driving FJs, because if GM is gone, you can bet your sweet arses, Ford and Chrysler have already fallen.
__________________
Black Sheep Hummer Squadron
(ME TOO)
Reply With Quote
  #11  
Old 06-29-2007, 02:00 AM
KenP's Avatar
KenP KenP is offline
Hummer Messiah
 
Join Date: Apr 2003
Location: Virginia Beach
Posts: 37,474
KenP is an unknown quantity at this point
Default Re: GM to sell Allison Transmission

I think it's great! Get back to basics. However, one would argue the opposite, spin off GM and hold onto the higher profit companies.

Frankly, it's too bad Unions have driven up the cost of business so much. The amount of money domestic manufacturers spend on labor is obsene.
__________________
"My reading of history convinces me that most bad government results from too much government."---Thomas Jefferson
Reply With Quote
  #12  
Old 06-29-2007, 02:27 AM
Steve - SanJose
 
Posts: n/a
Default Re: GM to sell Allison Transmission

Yea GM does get more than it's fair share of criticism. And yes their Balance Sheet is a mess, which took years of poor management, marginal products and years of bending over for unions, etc.

Let's hope the intentions of sales like the Allison Transmission sale lead to improved focus on better products. That has only been proven on a small scale with low volume with products like the H3, Solstice/Sky, Vette and a few high volume winners like the new full size pickups. And there are several new promising cars/trucks that seem to be getting traction, but it's too early to assess their success. Too many (recent) years of GM selling rental-car-quality stuff is hard to overcome quickly.
Reply With Quote
  #13  
Old 06-29-2007, 11:31 AM
bparker's Avatar
bparker bparker is offline
Hummer Guru
 
Join Date: Jan 2005
Location: Dallas, TX USA
Posts: 2,314
bparker is an unknown quantity at this point
Default Re: GM to sell Allison Transmission

I couldnt agree more, well said

Quote:
Originally Posted by Steve - SanJose
Yea GM does get more than it's fair share of criticism. And yes their Balance Sheet is a mess, which took years of poor management, marginal products and years of bending over for unions, etc.

Let's hope the intentions of sales like the Allison Transmission sale lead to improved focus on better products. That has only been proven on a small scale with low volume with products like the H3, Solstice/Sky, Vette and a few high volume winners like the new full size pickups. And there are several new promising cars/trucks that seem to be getting traction, but it's too early to assess their success. Too many (recent) years of GM selling rental-car-quality stuff is hard to overcome quickly.
__________________
http://www.tahoeforum.com
http://www.motoforum.com
"Life Is Sexually Transmitted"
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT +1. The time now is 02:19 AM.


Powered by vBulletin Version 3.0.7
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.