General Motors CFO Paul Jacobson discusses second-quarter earnings that topped estimates and saw the automaker raise its full-year profit forecast by another $500 million. Jacobson also discusses product demand and managing tariff and inflationary pressures on “Bloomberg Surveillance.”
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I wander how this outlook is going to age, given that the vehicle behind starts at 80K and the 5 year ownership is about 100k.
A stealthy listener hears a word which he will convey to that which is below him and the second will convey it to that which is below him till the last of them will convey it to the wizard or foreteller. Sometimes a flame (fire) may strike the devil before he can convey it, and sometimes he may convey it before the flame (fire) strikes him, whereupon the wizard adds to that word a hundred lies. The people will then say, ‘Didn’t he (i.e. magician) tell such-and-such a thing on such-and-such date?’ So that magician is said to have told the truth because of the Statement which has been heard from the heavens.
GM CFO:”Our strategy is to squeeze customers by selling them only crappy cars until me and the other executives leave the company.”
Please bring more GMC models to Korea🇰🇷🇺🇲 While Korean city roads and parking spaces are tight, there is a dedicated enthusiast market that loves large American vehicles. If inventory management is a concern, you could divide the eligible lineup into two groups and alternate sales every other year. Thank you.
Raise prices and laugh at the concept of affordability?
Like all corporations, Gm should focus on profits. Marketing large expensive SUVs and trucks to the top 20% works for GM. They got in trouble trying to be all things to all people. There is no market case for making any affordable autos in the well protected US market.