Good grief. General Motors is looking for a buyer for its headquarters building in Detroit. How bad is it getting?
GM's spokesman Tom Wilkenson said "We have been looking for options to monetize the asset" which is code for sell it, mortgage it or lease it but, whatever you do, make money out of it. Collapsing demand in Europe has caused GM to temporarily shut down its plants in England and Spain and, longer term, cut production output. Meanwhile GM's stock value tumbled to a 54 year low.
Meanwhile, Detroit still thinks that rebates and incentives are the cure with the Detroit News reporting that GM spends $3,972 per vehicle for incentives in September while Ford Motor Co. spent $3,696 and Chrysler LLC spent $4,705.
The economy admittedly sucks while Detroit plays mirror games with prices. Why not just cut the darn price in the first place? After all, down at the corner store if something isn't selling they don't play rebate or incentive games. They just mark down the price and get rid of slow moving inventory. Plain and simple.
Problem is, of course, if they reduce prices customers might think, gee whiz there must be a lot of profit in there in the first place and by golly I'm just not going to pay so much next time. Well, so what's wrong with that attitude? Nothing. Why won't Detroit do it? Well, they'd have to be honest and that's just darn tough for car dealers to do. Apparently it's tough for car manufacturers too.
After all, they can't even admit that every once in awhile a car is a lemon.
Meanwhile, if you've got a lemon, call us right now1-888-331-6422 Toll Free or email us right now. Getting rid of lemons is what we do. Everyday. Why? Because in tough times someone has to help you watch out for your money and Detroit isn't doing it.
www. New Car Lemon Law .com
Because life is too short to put up with a bad car.
Click here to see what your state's Lemon Law says a lemon car or lemon truck is.
ABOUT THE AUTHOR
Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2018, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.