Lutz: GM Raising Incentives For August - T900 Pickups Will Get Boost

[TOMHONE]

So Toyota gives away $6,000 per Tundra.... they have a $3,000 higher sticker price, a $3,000 labor advantage, and a $2,000 currency advantage....

on top of the $12,000 profit built in to a truck sale.

So they have shaved $6,000 off a $20,000 profit... who cares....

They should make it a $10,000 discount.

Toyota made $14 BILLION last year without a "real" full sized pickup truck.... they don't need the pickups to earn a dime....

they just need to squeeze GM's balls so hard they pop- and you do that by taking away full sized pickup sales from GM.

Methinks it's working- latest GM commercial on radio here specifically mentions Toyota and Ford as truck competitors.... think that was happening two years ago???

[SNO]

Originally Posted by TahoeMikeZ71

Do you have the 2500 Suburban?

No, it's a 1500... 4x4 LTZ with 6.0L engine

[Barrel]

The general has lots of trucks to move it's main hauler is starting up a driveway program. New trucks will go to the Bordentown auction and sold as used trucks. To stop this build trucks Americans will buy not the tried iron now produced.

[joemac]

Originally Posted by AlmostFamous

I hate when people make this uneducated statement. Here goes, in a purely economic sense, the money goes home. Meaning, when GM makes a car, the money goes to the stock holders, who are mostly American. When Toyota makes a car, I have no idea who makes the money because I haven't seen the breakdown of stock holders, but I'm guessing its less than half American. However, I would like to point out that whatever nationality has a majority of stock benefits the most. For example, if Americans bought a majority of Toyota stock, Toyota becomes an American company headquartered in Japan. It's not about where its based, its about who owns it. They make the money on it.

Also, before you say "Yeah but Toyota built a factory in my back yard and they gave me a job and fed my puppy and put my kids through college!" please realize that while they might have, they are doing it as a PR move unless you're in design or a white collar job. Manufacturing in the USA by car companies really is stupid. Americans simply out-priced themselves to do work like that. Americans now primarily do skilled labor jobs, service jobs, or have white collar jobs simply because it doesn't take a large degree of formal education to work in manufacturing. The jobs that Toyota, Honda, and Nissan have in America are simply so they can say it was made here.

They could never make the new Tundra in Mexico and pass it off as an "American" truck. It's all PR, they don't really care about the local economy or the US, it just happens to cost less to make the truck in Texas than to suffer lagging sales because its really un-American in a very patriotic segment. What if GM moved Corvette production from Bowling Green? Suddenly its not nearly as American as it claims to be, and sales here fall fast. Car companies only build here to produce the image that people on this thread reflect.

In other words, the money runs home to the stockholders, and building cars in the US is strictly for PR, its not like Toyota or GM truly care about you and your little town. It's all about dividends.

So in summary are you saying that any profit Toyota makes goes back to the shareholders? Example Toyota noted 13 Billion dollar profit in 2006 year. Did all the shareholders get equal distribution of the 13 Billion?

[mpar98]

I still dont understand what new incentives this cnn blurb/Lutz is referring to, theyve had the 0 for 60/3500 rebates in late July. So whats new?

[ARTSBEST]

ANOTHER 1K LAYOFFS at the GM truck Ontario plant. Hmmmmmmmmmmm. I thought GM was going to sell the hell out of these units? MORE layoffs to come so says the UAW.

[Hurricane]

Originally Posted by SNO

And my 2007 Chevrolet Suburban was built in Mexico.

Will be interesting to see the new incentive package. Doubt it'll help much, but should make for some more interesting reading here.

The original poster said that the 2007 Yukon XL was made in Mexico. That is not correct. Mine was built in Wisconsin.

[gardnet1]

Geez, just think if toyoduh had put all that rebate money into design; maybe then they might have a somewhat safe truck that is competitive with the F150 which is in its 5th (last) year of the current generation. But hey, it looks good hauling Martha Stewart flower pots and potpourri around in.

Just keep it away from the construction sites, as we don't need an international incident when it stalls carrying a sheet of plywood or five 2"X4"s.