AD #1572 – Hidden Costs of GM’s Shakedown, Jeep’s Off-Road Cruise, Opel Corsa Styling Trick

March 9th, 2015 at 11:56am

Runtime: 7:44

- GM’s Shakedown
- Design Spotlight: Opel Corsa
- Jeep’s Off-Road Cruise Control
- Renault-Nissan’s Roadmap to Autonomy
- Hyundai’s Watch App is Ready
- Differences Between Fiat 500X & Jeep Renegade

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19 Comments to “AD #1572 – Hidden Costs of GM’s Shakedown, Jeep’s Off-Road Cruise, Opel Corsa Styling Trick”

  1. Chuck Grenci Says:

    Off road cruise control: How much is too much. Assuming you bought an AWD vehicle (and you actually want to take it off-road), why would you want it to propel itself? And concentrating on driving: well, braking and accelerator control is very much part of the driving equation (driving experience. Repeating, just seems too much to me.

  2. Lex Says:

    I agree totally with you regarding the Harry Wilson situation and General Motors. This is going to weaken GM not only with labor but also with an future corporate raiders like Mr. Wilson. These guys were waiting for the US Government to sell their final stakes in GM as not to inquire the wrath of the US Treasury. Why question is why didn’t the UAW attempt to help GM fend off these corporate raiders? Isn’t the UAW a major stakeholder in GM. Isn’t it the Union’s job to protect their members jobs? Mr. Wilson and his group have done a major disservice to the American Taxpayer that helped to bailout GM in order to protect those American Jobs just so they could line there own pockets.

  3. Rick Wakefield Says:

    Isn’t what happened to GM “Extortion”.?????

  4. Kit Gerhart Says:

    Why can’t these greedy “investors” like Wilson just let GM make cars, which they are actually doing a pretty good job of these days.

  5. RumNCoke Says:

    Re: GM

    I feel that, as long as Wall Street thinks the Fed is going to rush in and prop up any economic recession with a QE program, these kind of financial shenanigans are going to happen over and over…* sigh *

  6. bobD Says:

    I believe the US Government sold the last of their GM shares in Dec 2013, just weeks before the switch recall became public.

    As for “extortion” morally yes, legally no. Still GM has done a huge dis-service to itself and other companies. There is a reason the US government will not negotiate with terrorist as doing so just breeds future repetitive actions. Of course GM has a history of doing this… Remember Ross Perot extorting GM for billions to go away?

  7. Kit Gerhart Says:

    Wilson and his ilk are just setting GM up for another bankruptcy. The company NEEDS cash on hand, to get through the next down turn in car sales, whenever it comes. They want to make a few tens of billions now, and to hell with what happens in the longer term.

  8. HtG Says:

    So how much did Barra and Amman have to pay to get this guy to just go away and stay off their board? At least he won’t be telling them how to make cars.(prolly what he was thinking anyway. he never wanted to on the board, it was leverage) And GM can borrow money cheaply from the markets now, unlike fall of 2008 when markets experienced an epic case of “Weekend at Bernie’s”

  9. WineGeek Says:

    Isn’t the short term view what is always in Wall St outlook? They don’t care for the US economy or any company just their pockets. Why do we let them get away with this? Why didn’t GM put up a fight? Why didn’t the UAW help GM? So many questions no answers just a bunch of money in a small group of greedy people’s pockets.

  10. Brett Says:

    The “masters of the universe” on Wall Street only care about short-term gains. Our financial system is broken, folks!

  11. gary susie Says:

    Wall street owns our congress so nothing will happen to prevent this in the future.

  12. cwolf Says:

    I can only imagine the GM buy back(bribe money)is partially due to timing. Many industries find it advantageous to borrow money now, while it is cheap to do so,and use it to remove their stock from the market. I doubt the UAW’s stock holdings would carry the weight may of us think. The whole idea for the buy-back is to increase stock prices which would benefit the union, anyway.

  13. HtG Says:

    What enquiring minds want to know is whether Dan Ammann had previously counseled GM to get rid of that extra cash. Dude was a Morgan Stanley I-banker before going car guy.

  14. XA351GT Says:

    I saw the Jeep renegade at the Philly Auto show at the end of Jan. I really liked it. I’m not or never have been a Jeep guy . However I liked the styling and the size is right. $ people can comfortable sit in the vehicle. My wife would like something in AWD if we get a new car so between in a the Subaru XV and maybe a few others we’ll have to see if we like any of them enough to actually buy one.

  15. HtG Says:

    14 Despite my odd taste in oddball cars, I’ll be shocked if that Renegade doesn’t connect with buyers. Remember, I thought the ELR would sell like hotcakes, and I like the Crosstour and Juke pellets. “Baby, baby, please!”

  16. Kit Gerhart Says:

    15 I thought the ELR would sell, but that was when I thought the price would be in the mid-high 40′s.

    I think the Renegade will sell. I just hope the reliability is half decent, and they get that 9-speed autobox dialed in.

  17. w l simpson Says:

    There is a whole universe of Wilson leaches out there

  18. Larry Skellion Says:

    John, All of this share buy back brings only short term profit to a percentage of shareholders. It saps from investments needed to keep the business relevant, whether that be R&D, buying a company to fill in a product line, or paying key staff to retain talent. People like this clown who pressured GM will inevitably take the profits short term and run. Oh, and don’t look to the boardrooms for help. They are part of the club at the top and complicit in the stripping of long term value. Throw in an analyst community that provides little to no value, a dysfunctional government that is antiquated and out of touch and you have…today’s United States economy.

  19. Kit Gerhart Says:

    Off topic, but…

    There has been a new round of talk about the Apple watch, since they have now shown actual pictures. Can any of you tech geeks tell me, what’s the point of an Apple watch?

    You need an iPhone nearby for it to work, so why not just look at the iPhone? It has a bigger, easier to read screen. Maybe I’m missing something here.