The Incredible Shrinking General Motors

[shovelhead]

Cities will lose money thanks to obedient self-driving vehicles

"A decline in revenue from tickets could be more painfully felt in places that rely more on fines. A 2015 investigation by 9News and PBS I-News found five Colorado towns relied on traffic fines for at least 30% of their budgets. These fines comprised almost the entire budget of one town. The Nevada Supreme Court complained in 2015 that a decline in traffic tickets was crimping the court’s budget."[/QUOTE]

We used to refer to them as SPEED TRAPS........

[313WX]

Someone by the name of "GM Insider" is dropping some really good info on the state of the company and the auto industry in the comment section of the below article:

http://gmauthority.com/blog/2019/03/...2019/#comments

Thoughts and prayers, Michigan. You're going to need it over thr next decade.

[K-slice]

Someone by the name of "GM Insider" is dropping some really good info on the state of the company and the auto industry in the comment section of the below article:

http://gmauthority.com/blog/2019/03/...2019/#comments

Thoughts and prayers, Michigan. You're going to need it over thr next decade.

That persons's anti-electrification rant sounds like it's coming out out of the mouth of a oil company lobbyist.

Their doom and gloom predictions [[while not totally unfounded, the economy is ready to break the record for longest expansion) seem to be overstated, and they ignore that GM making cuts NOW, proactively, rather than waiting for the downturn and cutting reactivity as they did before is a GOOD thing.

Finally, if they truly were a 'GM insider" they would know that while GM is cutting heavily in some white collar areas, they are continuing to hire in others. I have met several people in my dealings recently that are moving to Detroit because they have been hired by GM. Every one of them has told me the above in regards to the current staffing situation at GM.

[313WX]

That persons's anti-electrification rant sounds like it's coming out out of the mouth of a oil company lobbyist.

Their doom and gloom predictions [[while not totally unfounded, the economy is ready to break the record for longest expansion) seem to be overstated, and they ignore that GM making cuts NOW, proactively, rather than waiting for the downturn and cutting reactivity as they did before is a GOOD thing.

Finally, if they truly were a 'GM insider" they would know that while GM is cutting heavily in some white collar areas, they are continuing to hire in others. I have met several people in my dealings recently that are moving to Detroit because they have been hired by GM. Every one of them has told me the above in regards to the current staffing situation at GM.

We will certainly see who's right or wrong 5-10 years from now.

[313WX]

It should be noted, that individual isn't the only one to call GM's bluff. The below article jives with much of that individual is saying. This was posted before, but I will post again

https://seekingalpha.com/article/422...vehicle-bubble

In light of the recent layouts, there is $1.5 billion of reduced capex that the company will be saving by cutting the low-demand production lines and the anticipated plant closures [[a drop in the bucket compared to the annual capex of $27.5 billion), however, the $1.5 billion capex is not being reinvested into electric vehicles or autonomous vehicle production at this time. The lack of reallocation conflicts with statements from the company CEO, Mary Barra, who promised the company would double investment in electric vehicles and self-driving technology during this week’s announcement.

The bottom line is that GM is correct to prepare for tough times, but they are not disclosing the true timeline for long-range electric vehicle and autonomous vehicle deployment.

Three Words to Heed for GM Stock: Gartner’s “Trough of Disillusionment”
In September, Autonomous Vehicles fell into the “trough of disillusionment,” which is the downward slope published by the analyst firm, Gartner, to show the hype cycle for certain technologies. You can think of this as “winter is coming” for tech products – a time when all of the buzz and excitement finally meets reality [[note: artificial intelligence winter is a well-documented thing).

ABI Research, an advisory firm that reports on market-foresight trends, predicts 8 million consumer vehicles with Level 3 to Level 5 autonomy will ship in 2025. Compare this to the 94.5 million vehicles sold in 2017 - which equates to 8.5% of sales. This is a small and fairly insignificant percentage of market share to be chasing 7-years ahead of deployment. Yet, investors have poured cash into auto manufacturers due to marketing campaigns that provide false hope for the near future.

The reality for autonomous vehicles includes regulations, production cycles, and delays in implementation for what is an extraordinarily difficult problem to solve – how to get machines to respond like humans at crucial moments. This gap between investor expectations [[perception) and commercial deployments [[reality) has created an autonomous vehicle bubble.

Per statements from GM, long-range electric vehicles are a minimum of 8 years before they represent a slim 10% of GM’s current production. In 2017, the company committed to a volume production goal of “1 million units globally by 2026,” with the majority of EVs being sold in China. GM’s overall production was about 10 million units globally in 2016.

[313WX]

Hedge Papers No. 66: Hedge Funds Attack General Motors and American Jobs

http://hedgeclippers.org/hedge-funds...american-jobs/