[vBD]

GM, ex of pandemic year had its share price just about where it began ...in 2009. See chart from 2015 onwards.

Spiked, then, after years of proving Marchionne's case (made to it in his merger proposal in 2015/16) that GM is structurally incapable of earning its cost of capital) early last year ONLY after:

a share buyback of as much as 25%(!) of its free float stock and then large slowdowns and cut backs etc in the ev and battery etc doomed investments.

Of course: a very oligopolistic and long protected by 25% chicken tax plus footprint rule, hold on the usa big suv and big ICE pickup truck market helps, as ever....and gm financial profits.

Plus all those 100% gm china and gm korea new affordable Buicks.

Interesting, too: how gm stock price is proving indifferent to its self confessed 5billion usd hit due to tariffs proving that wall street values GM exclusively for its financial arm plus of course: its predominant sales of big usa ICE pickups and huge ICE suv s. GM is either absent by now or ( deeply )in the red everywhere else in the world: including China, Latam.

GM share prices have stayed buoyant, steadily higher since its huge early2024 share buyback: unlike stla (for its idiosyncratic Tavares related reasons, mainly) or of course ford, vw porsche, bmw, mercedes...etc.

Auto industry is at deep er discount in the financial markets as a whole: seen as a sort of 'rust belt' in perpetuity. ExBYd, exTesla and maybe Toyota.


PS:

Gratuitous Advisory: very 'long' STLA, and Archer evtol Aviation and also esp Leapmotor, and .....somewhat 'short' GM. Ford is irrelevant. As ever. ;-)

 

[Dave Z]

Toyota's also down. Are you suggesting Toyota's also "dead"?
GM's doing quite well in quality and they're quietly building back their lost market share.

 

[Adventurer55]

I could care less about GM, Ford, Toyota etc. Stellantis needs sharpen their focus on their own business.

 

[johnb300m]

Interesting data in those bar charts comparing '24 and '25.
Some of that data makes sense.
The reputation really has been Stellantis' to lose, because just a few years before the founding of Stellantis, Mopar quality was "holding it's own."
Not stellar, but their customer care was decent enough to quickly recover from issues.
That's what I experienced, and why I've stuck with them so long. Yeah I like them, and "Mopar or No Car" and such.
But knowing their quality was not up with Honda and Toyota never bothered me much, because I always had good luck with service. They would fix things quickly, have parts right away, and they were relatively affordable.

I've notice that all come undone in and around 2022.
There are a lot of factors at play. Yeah, Stellantis was formed.
COVID really messed a lot of stuff up in manufacturing, supply chain, et. I witnessed a lot of it first hand.
The dealership service has really suffered since then too.
Hourly rates have skyrocketed, but actual salaries have not gone up much, leading to mechanic shortages at basically every CDJR around me.
The dealer nearest me that I used all through COVID, went under new management, and they got terrible, right-quick.
They even hassled me for wanting service with them without buying my vehicle there!
That was a FIRST for me! Never EVER did I hear that was a thing, and that never happened to any family either, who've taken multiple vehicle brands to multiple dealers.

Finally, the dealer I'm settling on now, that's the next closest, has so far been very very good in servicing my temperamental 4xe.
Their sales ratings and reviews are in the toilet, and are borderline illegal, but service so far has been top notch. I even got to talk to one of the mechanics, and we literally did a "differential diagnosis" together in the waiting room, this past Friday.

Seeing Toyota down on that list doesn't surprise me either.
Their vehicles are, of course, highly coveted. But when we looked at some Toyotas at two dealers around me, the experience was awful!
It left me puzzled why anyone puts up with their nonsense to buy those cars, and especially when deals are non-existent.

Subaru makes sense. Their product seems top notch, their sales and service sound easy-going and straightforward. They're priced well, leading to more frictionless buying experiences.
Two of my friends have his/hers Outbacks now, and love them.

 

[Adventurer55]

Interesting data in those bar charts comparing '24 and '25.
Some of that data makes sense.
The reputation really has been Stellantis' to lose, because just a few years before the founding of Stellantis, Mopar quality was "holding it's own."
Not stellar, but their customer care was decent enough to quickly recover from issues.
That's what I experienced, and why I've stuck with them so long. Yeah I like them, and "Mopar or No Car" and such.
But knowing their quality was not up with Honda and Toyota never bothered me much, because I always had good luck with service. They would fix things quickly, have parts right away, and they were relatively affordable.

I've notice that all come undone in and around 2022.
There are a lot of factors at play. Yeah, Stellantis was formed.
COVID really messed a lot of stuff up in manufacturing, supply chain, et. I witnessed a lot of it first hand.
The dealership service has really suffered since then too.
Hourly rates have skyrocketed, but actual salaries have not gone up much, leading to mechanic shortages at basically every CDJR around me.
The dealer nearest me that I used all through COVID, went under new management, and they got terrible, right-quick.
They even hassled me for wanting service with them without buying my vehicle there!
That was a FIRST for me! Never EVER did I hear that was a thing, and that never happened to any family either, who've taken multiple vehicle brands to multiple dealers.

Finally, the dealer I'm settling on now, that's the next closest, has so far been very very good in servicing my temperamental 4xe.
Their sales ratings and reviews are in the toilet, and are borderline illegal, but service so far has been top notch. I even got to talk to one of the mechanics, and we literally did a "differential diagnosis" together in the waiting room, this past Friday.

Seeing Toyota down on that list doesn't surprise me either.
Their vehicles are, of course, highly coveted. But when we looked at some Toyotas at two dealers around me, the experience was awful!
It left me puzzled why anyone puts up with their nonsense to buy those cars, and especially when deals are non-existent.

Subaru makes sense. Their product seems top notch, their sales and service sound easy-going and straightforward. They're priced well, leading to more frictionless buying experiences.
Two of my friends have his/hers Outbacks now, and love them.

Another person besides myself that is a realist and an actual recent and long time customer. Thank you for your observations. Mine are very similar except I've had a steady dealer.

 

[74Powerwagon]

My dealer that is 3 miles from my house When we moved here, took the GC in for something, several days later with no call, called, and asked for Susie(fictious name) they said they would give her a message, crickets, called the next day, crickets. Found out when you call the local number it gets routed to a call center in Chicago burbs. So I drove over and walked into the service area and asked for Susie saying she had not called since I took the GC in 5 days ago. I said it loudly. She comes walking out of the AC sales office. Had the paper work right there and it was to be finished that afternoon.
since then we bought our last 2 GC's from a LOCAL dealer 8-10 miles away and they are great...