#flaherty

Canada Governments: No Sale Of GM Stock

Timing the market is a tricky matter. There are people who urge the Canadian government to dump its shares in GM at a considerable loss. And there are others who rather wait for the stock to go higher. Canada’s Finance Minister Jim Flaherty is in the second camp.

Bertel Schmitt Nov 30, 2012

Recent Comments

MaintenanceCosts In Toyota's hands, these hybrid powertrains with a single motor and a conventional automatic transmission have not been achieving the same kind of fuel economy benefits as the planetary-gear setups in the smaller cars. It's too bad. Many years ago GM did a group of full-size pickups and SUVs with a 6.0L V8 and a two-motor planetary gear system, and those got the fuel economy boost you'd expect while maintaining big-time towing capacity. Toyota should have done the same with its turbo four and six in the new trucks.
JMII My C7 isn't too bad maintain wise but it requires 10 quarts of expensive 0W-40 once a year (per GM) and tires are pricey due size and grip requirements. I average about $600 a year in maintenance but a majority of that is due to track usage. Brake fluid, brake pads and tires add up quickly. Wiper blades, coolant flush, transmission fluid, rear diff fluid and a new battery were the other costs. I bought the car in 2018 with 18k in mileage and now it has 42k. Many of the items mentioned are needed between 20k and 40k per GM's service schedule so my ownership period just happens to align with various intervals.I really need to go thru my service spreadsheet and put track related items on a separate tab to get a better picture of what "normal" cost would be. Its likely 75% of my spend is track related.Repairs to date are only $350. I needed a new XM antenna (aftermarket), a cargo net clip, a backup lamp switch and new LED side markers (aftermarket). The LEDs were the most expensive at $220.
Slavuta I drove it but previous style. Its big, with numb steering feel, and transmission that takes away from whatever the engine has.
Wjtinfwb Rivaled only by the Prowler and Thunderbird as retro vehicles that missed the mark... by a mile.
Wjtinfwb Tennessee is a Right to Work state. The UAW will have a bit less leverage there than in Michigan, which repealed R t W a couple years ago. And how much leverage will the UAW really have in Chattanooga. That plant builds ID. 4 and Atlas, neither of which are setting the world afire, sales wise. I'd have thought VW would have learned the UAW plays by different rules than the placid German unions from the Westmoreland PA debacle. But history has shown VW to be exceptionally slow learners. Watching with interest.

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Canada Governments: No Sale Of GM Stock

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