Author Topic: GM - General Motors  (Read 652491 times)

Xerxes

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Re: GM - General Motors
« Reply #1800 on: September 21, 2020, 10:19:11 AM »
Man, I feel like a fool on my earlier comment on keeping on the long term with GM.
If Nikola is turning into GMís WeWork, at least they didnít pay much for it.


cherzeca

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Re: GM - General Motors
« Reply #1801 on: September 21, 2020, 11:21:30 AM »
Trevor out at NKLA. Time for Barra to be out too and a complete shake up at GM with some new DNA management team.

So much for due diligence. I agree heads need to roll.

I spent many years doing due diligence on deals. legal and business.  I can't think of a bigger DD screw up than this. there used to be a joke that you "should make sure that there is no moving truck in the parking lot" when you do DD.  I guess the joke is now changed to "and be sure that there isn't an electric cable coming out of the truck". this says to me that GM is way behind in EV, and let its panic cloud a fairly simple business DD job.  this is not about accounting fraud not being discovered...this is about not asking someone to turn the ignition switch on in the truck prototype.

RadMan24

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Re: GM - General Motors
« Reply #1802 on: September 21, 2020, 12:19:57 PM »
Trevor out at NKLA. Time for Barra to be out too and a complete shake up at GM with some new DNA management team.

So much for due diligence. I agree heads need to roll.

I spent many years doing due diligence on deals. legal and business.  I can't think of a bigger DD screw up than this. there used to be a joke that you "should make sure that there is no moving truck in the parking lot" when you do DD.  I guess the joke is now changed to "and be sure that there isn't an electric cable coming out of the truck". this says to me that GM is way behind in EV, and let its panic cloud a fairly simple business DD job.  this is not about accounting fraud not being discovered...this is about not asking someone to turn the ignition switch on in the truck prototype.

What's the screwup? How much money did GM throw out the door? How is GM way behind EV when they were providing the technology? The commenters on this forum have simply not done their own DD.
« Last Edit: September 21, 2020, 12:21:31 PM by RadMan24 »

brose514

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Re: GM - General Motors
« Reply #1803 on: September 21, 2020, 04:08:40 PM »
Right on RadMan. Sometimes I feel like this is a glorified version of Twitter.

hyten1

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Re: GM - General Motors
« Reply #1804 on: October 23, 2020, 01:06:27 PM »
This is pretty impressive, cruise av in San fran

https://youtu.be/sliYTyRpRB8

fareastwarriors

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Re: GM - General Motors
« Reply #1805 on: October 23, 2020, 02:32:36 PM »
Who preordered an electric Hummer?  8)

https://www.cnbc.com/2020/10/22/hummer-ev-assists-gm-shares-reaching-new-c.html
GM shares close at new year-to-date high following Hummer EV debut


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I'm sticking with my fugly cybertruck for now. 

roark33

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Re: GM - General Motors
« Reply #1806 on: October 26, 2020, 10:49:38 AM »
I have followed GM more closely after being involved in Nikola, and wow, GM seems to make some really stupid moves.  Their partnership with Nikola should basically make them uninvestable.