JALLEN4

Our's was a unique situation. The store was sold and awaiting GM approval of the new owner when the bankruptcy was announced. GM exercised their right to cancel the franchise unless I agreed to remain the operator and build a new facility. When you lose multiple seven figures...it is hard to remain amicable.

at7000ft

Isn't that area sometimes referred to as the 'Redneck Riviera' ?

Mike Campbell

By the way there are those on this forum who add their 2 cent opinions that have worked or even run their own corporations and are not just "blowing smoke"! I for one have experience and am also "P.O.ed" over GM's statements. There's a way and also a wrong way to accomplish results and I firmly believe that GM's management screwed up big time with this latest decision. All of us on this forum like GM's product, the Corvette, and should really not be happy over their decision to favor China and Mexico and screw the American workers and their customers. Stupid and short sighted and dumb ! It will bite them on their *** if they don't quickly revise their actions as soon as possible.

A. Vandelay

rmorin1249

I don't see them reversing their decision. It's strictly a business decision with the stockholders as first priority. Wouldn't surprise me to see Tesla buy one of their "unallocated" plants.
And yes, that Beach area is known as the Redneck Riviera.

PatternDayTrader

I found this on Treasury.gov, I copy pasted it for you ….

On December 9, 2013 Treasury fully exited its investment in General Motors (GM). Treasury completed its fourth and final pre-arranged trading plan for the sale of its remaining 31.1 million shares. Treasury recovered a total of $39.7 billion from its original investment of $51.0 billion in GM.

Sounds like an eleven billion dollar loss to me. So I don't know, maybe someone would make dumb statements without knowing the facts.

Skid Row Joe

JohnA, that's awful. You were a legacy GM dealership your Father started as a Cadillac franchisee when you were a lad and in university, if I recall correctly.

.The fact that many manufacturers have been intent on franchisees spending millions of dollars on Taj Mahal facilities to retain their franchises is draconian.

. Lincoln Motor Co. broke numerous individuals' financial backs that borrowed, built and spent millions of dollars on facilities only to have come up short on products to sell in the 2000s decade. One such store 3 miles from my Dallas, Texas residence is testament. Very heartbreaking.

tw78911sc

Then why did they recall all Camaro keys in 2015?

Dave80C3

Nope, the Enclave is made in Michigan, and exported to China..... Enclave
The Envision is made in China.

Plants are closing because Americans, are not buy Chevy Impalas, they are not buying CT6 and so on. The Impala is a great car, I had one, my daughter has it now, over 150K miles on it. So far only routine maintenance, no break downs.

However Americans are buy Pick-ups, SUVs and Cross overs. My wife and I are good examples, she dosn't need an SUV as our children are gown, Yet she prefers to drive a SUV of Pick up. She has a mid size SUV, Range Rover Evoke. I need a truck to pull my boat, so I drive an F-150 crew cab. After owning GMC trucks for more then 30 years, the 2017 Denali was so behind in technology and features for an upscale truck I ended up in my first ever Non GMC Truck a Platinum.

GM has to stay competitive, no sense building what people are not buying.
Heck, FORD quit producing all cars except the Mustang...
Chrysler has cut many of their cars.

SRQStingray

Skid Row Joe

The Ford Fusion is a great car to my knowledge. My brother has a loaded Platinum Fusion. About 5 years old. .Damn comfortable car to drive/ride in. I guess Ford and Chevrolet are going to let the Asians have ALL the automobile/cars business. Geeesh!

PatternDayTrader

Im a GM loyalist.
Mostly because if they only need four bolts to hold something together, they don't use five, or three. So I appreciate that.

JALLEN4

That is not true. My father was a hard working factory worker from Appalachia.

JDSKY

I don't see it as GM and Ford letting the other brands have the car/sedan business they simply lost focus decades ago and have not produced anything significant since. GM and Ford have been producing mediocre sedans for a really long time while all of the others have been focusing on making their products THE BEST. We have always had at least one sedan or coupe in the garage at all times whether it was something I drove, my wife drove or one of the kids drove. At any point in time I cannot remember ever comparing available options and saying to myself, wow this GM or Ford product is the best of the best. Never once in at least 3 decades of comparison shopping and ultimately purchasing.

I don't buy any product based on where it's assembled or where the mother ship is headquartered. That's buying with blinders on. When I cut a check and give up any of my hard earned cash it goes to the product I deem the best value for my dollar. Not a single GM or Ford sedan or coupe has ever crested that bar.....

Phanni

Say what? Are you seriously blaming the President?

JALLEN4

In 2010, both GM and the Government announced that their loans had been paid in full with interest. There were even a series of TV commercials touting this claim. Immediately there was a conflict that started with these claims and how they were achieved and how the "score" was being kept. Ultimately in 2014 the Gov. sold the last of their holdings in ALLY Bank and the 10.2-11.2 billion dollar loss figure was introduced. Politics as usual.

There are few who will now argue that the automotive bailout saved around 1.5 million jobs for this country. There has certainly been a purposely forgotten thought process of just how dire the economy was when the "bailout" was done. The fear at the time was the coming of the second World Depression.

PatternDayTrader

So 51 billion, minus 39.7 billion, equals 11.3 billion in losses, which sounds like mathematics, not politics.

PatternDayTrader

When someone cant think for themselves, they rely on other people for decision making. So when things go wrong, they automatically blame someone else. This becomes habit forming, and frequently leads to misplaced blame.

JALLEN4

I appreciate your thoughts but there are some facts that many leave out. We celebrate and assist monetarily those automotive companies that build plants in the U.S. Most all the major manufactures have built factories here not because it is cheaper to produce in the U.S. but because this has been the largest vehicle market in the world.

Now, China has surpassed the U.S. in vehicle market size by a very large margin. While we celebrated BMW coming to South Carolina and granted huge financial incentives for them to do so, we are going to roundly criticize GM for building vehicles in the much larger China market. A market where most all the world's auto companies are involved. I personally would think it to be bad business for GM to close those factories building vehicles that are selling well in the market.

You can try but unlikely to get it both ways. How can we demand cars sold here be built here but criticize our own companies for doing the same in other markets?

cor28vettes

Miramar Beach on the Emerald Coast in NW FL is not to be confused with Miramar just North of N. Miami. There is also another Crystal Beach some 10 miles N of Clearwater.

So as not to deviate from this thread topic, I refer you to "The Official Florida Relocate Thread"
which is a useful/interesting read and which answers that Q early on:
https://forums.corvetteforum.com/showthread.php?t=3987105