GM Full Size Pickups Get Full Production Green Light

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Thread: GM Full Size Pickups Get Full Production Green Light

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    News Contributor Premium Member Perian's Avatar
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    GM Full Size Pickups Get Full Production Green Light

    Automotive News
    May 29, 2020


    Photo Credit: Detroit Free Press

    General Motors' North American assembly plants have overcome initial parts-supply challenges and will boost production next week.

    Three U.S. factories building mid- and full-size pickups will operate on three shifts starting June 1, the automaker said in a statement Thursday. GM has been running just one shift at the facilities and was unable to increase output this week because supply of parts from Mexico was constrained.

    GM said three other factories that build crossovers in the U.S. and Canada will move to two shifts, from one. Five of its assembly plants will still operate on one shift.

    Chevrolet and GMC dealers have been running low on inventory of GM’s redesigned Silverado and Sierra models, which are among the most lucrative in the company’s lineup. Mike Jackson, the CEO of AutoNation Inc., said in a Bloomberg Television interview this month that the largest U.S. new-car retailer was eager to rebuild its stock of Silverado.

    “If they can restart the pickup truck plants first, I’ll be standing here in line saying ‘send me all you can get,’” Jackson said.






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    News Contributor Premium Member Perian's Avatar
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    Re: GM Full Size Pickups Get Full Production Green Light

    "If they can restart the pickup truck plants first, I’ll be standing here in line saying ‘send me all you can get,’” Jackson said.
    Great news!

    I remember the good old days (Fall 2019) when all we had to do was complain about Silverado interiors...

    GM stock is now up 95.12% from its March 18th low. Seems like years ago. Monday is June 1st. How is that possible?









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    Re: GM Full Size Pickups Get Full Production Green Light

    I snagged a few GM shares on that day at $15.98. Wish I could have purchased more. Keep in mind they have shelved the dividend for awhile(as did Ford) but it will come back.
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    Re: GM Full Size Pickups Get Full Production Green Light

    Quote Originally Posted by Perian View Post
    Great news!

    I remember the good old days (Fall 2019) when all we had to do was complain about Silverado interiors...

    GM stock is now up 95.12% from its March 18th low. Seems like years ago. Monday is June 1st. How is that possible?









    .
    It is? Asking seriously.....what I can see is that GM stock closed at 16.80 on March 18...and it at about $26.00 right now....That is up about 54%, not 95.12%??? Unless you are referring to intra-day...did GM get down to about $13 during the course of the day?

    As far as your question...it is just the nature of the Market/selloff/recovery....not limited to GM. Other 'non stay at home' stocks have done similar. Ford is about over 50% since their lows in March...Tesla is up well over 100% since then.....Several brick-and-mortar retailers have similar very high returns.
    Last edited by mjd1001; 05-29-2020 at 12:13 PM.

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    Re: GM Full Size Pickups Get Full Production Green Light

    Quote Originally Posted by Perian View Post
    Great news!

    I remember the good old days (Fall 2019) when all we had to do was complain about Silverado interiors...

    GM stock is now up 95.12% from its March 18th low. Seems like years ago. Monday is June 1st. How is that possible?
    .
    Get production up is job 1, now for the harder part, will the customers continue to come?

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    Re: GM Full Size Pickups Get Full Production Green Light

    Quote Originally Posted by mjd1001 View Post
    It is? Asking seriously.....what I can see is that GM stock closed at 16.80 on March 18...and it at about $26.00 right now....That is up about 54%, not 95.12%??? Unless you are referring to intra-day...did GM get down to about $13 during the course of the day?
    Intra-day GM stock hit a low of $14.32 on 3/18. This Weds it hit an intra-day high of $28.50.
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    Re: GM Full Size Pickups Get Full Production Green Light

    Quote Originally Posted by tripowergto Jan2003 View Post
    I snagged a few GM shares on that day at $15.98. Wish I could have purchased more. Keep in mind they have shelved the dividend for awhile(as did Ford) but it will come back.
    Good luck, hope it's profitable for you.

    Personally, I would never, EVER, consider buying GM stock again after what happened to my shares previously.
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    Re: GM Full Size Pickups Get Full Production Green Light

    Quote Originally Posted by Z284ever View Post
    Good luck, hope it's profitable for you.

    Personally, I would never, EVER, consider buying GM stock again after what happened to my shares previously.
    I felt the exact same way until it hit that low on 3/18. There really wasn't much risk involved. I already took some profit just in case. I also bought some Ford at $4.72.
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    Re: GM Full Size Pickups Get Full Production Green Light

    Have seen these Chebies on the road, They look really nice in person, Very imposing precense, and different, Now if only GM Torino can up the Power to 1500 lbs ft of torques

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    Re: GM Full Size Pickups Get Full Production Green Light

    Quote Originally Posted by Perian View Post
    Great news!

    I remember the good old days (Fall 2019) when all we had to do was complain about Silverado interiors...

    GM stock is now up 95.12% from its March 18th low. Seems like years ago. Monday is June 1st. How is that possible?



    .

    I remember the bad old days (Fall / Winter 2019) when the corrupt UAW leadership directed their members to begin a 40-day strike against GM, and many complained about the lack of full-size GM pickups and repairs parts for vehicles owned by longtime, loyal GM customers.

    Seems like just yesterday.

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    Re: GM Full Size Pickups Get Full Production Green Light

    Quote Originally Posted by 1999 White C5 Coupe View Post
    I remember the bad old days (Fall / Winter 2019) when the corrupt UAW leadership directed their members to begin a 40-day strike against GM, and many complained about the lack of full-size GM pickups and repairs parts for vehicles owned by longtime, loyal GM customers.

    Seems like just yesterday.
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    Re: GM Full Size Pickups Get Full Production Green Light

    Quote Originally Posted by tripowergto Jan2003 View Post
    Intra-day GM stock hit a low of $14.32 on 3/18. This Weds it hit an intra-day high of $28.50.
    Guessing perfectly, that would be a 99% increase!
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    Re: GM Full Size Pickups Get Full Production Green Light

    Good news, get the supply back to normal. These new truck do look good on the road now that the new styling is getting used to me so I'll agree with mbukukanyau on that.

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    Re: GM Full Size Pickups Get Full Production Green Light

    Their love it or hate it styling jumped the shark, making it the most modern truck design on the road. In the right color and trim they look awesome, especially the HD's. Quite intimidating on the street.
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    Re: GM Full Size Pickups Get Full Production Green Light

    Build them and they will come. Trucks pay the bills. Ergo, we must keep our domestic oil industry healthy. Five dollah gas would not zoom up truck sales.

    But aren't there killer truck (and everything) deals now? Zero down, 84 month truck mortgage, zero percent, yes we can.
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