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Default GM loses big-time

hk wrote in
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I have no idea where the motor was "made."


Mexico?

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Larry wrote:
hk wrote in
:

I have no idea where the motor was "made."


Mexico?



Actually, I believe the crates say "Made in Japan," and that isn't
referring to the crate... :) Next time I am at the dealer's, I'll
check.
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Default GM loses big-time

On Fri, 01 Aug 2008 16:24:44 -0400, hk wrote:

There are no more new Evinrudes, just as there are no more new Indian
motorcycles. The lineage of both is dead and buried; just the name
survives.


There haven't actually been any since the fifties or before. Just
Outboard Marine, sold under the names of both Evinrude and Johnson,
for the same engines.

Casady
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Richard Casady wrote:
On Fri, 01 Aug 2008 16:24:44 -0400, hk wrote:

There are no more new Evinrudes, just as there are no more new Indian
motorcycles. The lineage of both is dead and buried; just the name
survives.


There haven't actually been any since the fifties or before. Just
Outboard Marine, sold under the names of both Evinrude and Johnson,
for the same engines.

Casady



Not entirely true. Outboard Marine's predecessor company, ELTO, was
founded by Ole Evinrude, and his son, Ralph, formed OMC and served many
decades as its chief exec. In later years, the Johnson and Evinrude
brand names had some products identical under the cover and some
different. I recall a 5-1/2 hp Johnson, a 7-1/2 hp Evinrude, a 10 hp
Johnson, a 15 and 18 hp Evinrude. I believe both lines had 25 hp
engines. I think from that point on, both lines had the same engines
under different hoods and in different colors. There also were some
9-1/2 hp engines built to stay under the 10 hp limit on some lakes.
Ralph Evinrude retired in the 1980s.

My father was an Evinrude dealer from the end of WW II until the mid
1960's, when he dropped Evinrude and took on the Merc line. His best
friend was a Johnson dealer. His friend's boat store and marina is still
operating, though I don't know who is running it. I sold my father's
boat store within a year of his death and we sold the marina property to
a - blech- condo developer.


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Default GM loses big-time

On Fri, 01 Aug 2008 19:17:45 -0400, hk wrote:

In later years, the Johnson and Evinrude
brand names had some products identical under the cover and some
different. I recall a 5-1/2 hp Johnson, a 7-1/2 hp Evinrude, a 10 hp
Johnson, a 15 and 18 hp Evinrude. I believe both lines had 25 hp
engines. I think from that point on, both lines had the same engines
under different hoods and in different colors.


We had a 51/2 Evinrude. It was a fiftieth anniversary model, whatever
year that was. There were no sizes unique to either brand. The only
discernable difference on any of them was the outer cover. I was there
and went to the boat stores and everything.


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Richard Casady wrote:
On Fri, 01 Aug 2008 19:17:45 -0400, hk wrote:

In later years, the Johnson and Evinrude
brand names had some products identical under the cover and some
different. I recall a 5-1/2 hp Johnson, a 7-1/2 hp Evinrude, a 10 hp
Johnson, a 15 and 18 hp Evinrude. I believe both lines had 25 hp
engines. I think from that point on, both lines had the same engines
under different hoods and in different colors.


We had a 51/2 Evinrude. It was a fiftieth anniversary model, whatever
year that was. There were no sizes unique to either brand. The only
discernable difference on any of them was the outer cover. I was there
and went to the boat stores and everything.



Perhaps by then the sizes were homogenized. There were different
offerings in different sizes in the time period I was discussing.
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hk wrote in
:

Not entirely true. Outboard Marine's predecessor company, ELTO, was
founded by Ole Evinrude, and his son, Ralph,


My first outboard motor was an ELTO. It was part of the Christmas
present given to me by my grandfather and his friends, which included an
old oak rowboat painted State Park Green because one of the friends was
a park maintenance superintendent at the local state park. One of the
other old friends showed up one day with a spiffed up 1hp ELTO outboard
from way, way back that had set up in his garage for decades. He had
disassembled it and fixed anything wrong with it, including a new
little fat spark plug that looked like someone had squashed it end to
end with a brass thumbscrew I was really soon to learn was not to be
touched or gotten anywhere around when it was putting away on my new
boat! As it was right under the gas tank where a finger would surely
touch it as you tried to lift the motor up to get it out of the mud, you
soon learned to shut it down BEFORE reaching back there and finding
yourself on the end of Mr Ole's big magneto!

I have no idea what it's model number was but it had an open flywheel
you wrapped the starting rope around, a water cooled cylinder jacket
that was fed by a little piston pump I suppose ran off some kind of cam
in the foot that had a tiny little pipe sticking out the bottom of the
water jacket and, most amusing to an 8-year-old yacht owner went squirt-
squirt-squirt in time with the pop-pop=pop of the little 2 stroke
engine. A spark lever was marked in front by a little metal strip
around the bottom of the flywheel and there was a throttle lever on the
front of the tiny carb next to the choke lever, I think I remember,
feeding premix 15:1 Quaker State SAE 30 and Grandpa's Tractor Gas into
the crankcase.

Any guesses as to its manufacturing date would be most appreciated.
I've wondered about it for years.

Of course, my mother and grandmother were livid when they found out
saying I'd be dead in a month from drowning in the lake. "How can he
drown?", my grandfather told her. "He's got his floating cushion right
under his behind!" That was all the PFD I ever remember anyone at
Owasco Lake carrying in their boat...a square, dark green, floating boat
cushion. We were fine. I'm still here at 62! I'd been driving
Grandpa's 7.5 Sportwin and 40hp Scott-A****er since I was big enough to
hold onto the tiller or see over the steering wheel of his Penn-Yan
runabout!

ELTOs were fantastic motors. Mine would start if you spun it with your
fingers once you got the spark and throttle pointed to START....(c;

With my 1 gallon premix gas can I could cruise all day with Robb Munn,
my best friend....

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Default GM loses big-time


"hk" wrote in message
. ..

GM shares fell more than 7% in premarket trading to $10.20.


Surprising it was that little. They lost almost twice their market cap.

Anyone taking shorts on $2?

GM's Latin American operation was a bright spot - profit rose to $445
million from $296 million. But Asia swung to loss and European profits
tumbled 94%.


I would branch out and buy GMSA, they don't have lethargic management and
union up the but (yet). But then again, cancer does travel.

Excluding charges, the North American business had a $4.3 billion loss as
revenue dropped by one-third to $19.8 billion, pushing market share down
to 20.2% from 22.7%.


Wait until next quarter.

Good luck Ontario CAW/US UAW GM. Time has arrived for payment. Management
has let you idiots go so long in a fantasy, there is no hope now. GM is
spining down the toilet so fast that no one sees it. Chrysler down, GM
spinning and Ford working on keeping up. The auto business, just waiting
for someone to shoot it.

At least if I buy a Tata Nano for $4000 I know I am getting a cheap car.


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"Eisboch" wrote in message
...

"hk" wrote in message
. ..


DOW JONES NEWSWIRES

General Motors Corp. (GM) posted a stunning $15.5 billion second-quarter
net loss, as the auto maker piled up $9.1 billion in charges and
write-downs and suffered a deep drop in North American sales.

The company had warned in mid-July that it would post "a significant
second quarter loss." But the actual numbers were far worse than analysts
had expected, and point to the enormous challenges facing GM as buyers
turn away en masse from its most profitable offerings.

GM shares fell more than 7% in premarket trading to $10.20.

GM reported a net loss of $27.33 a share, compared with net income of
$891 million, or $1.56 a share, a year earlier. Excluding items, the loss
was $6.3 billion, or $11.21 a share.

Revenue fell 18% to $38.2 billion.

Analysts surveyed by Thomson Reuters had been looking for a loss,
excluding items, of $2.62 a share on revenue of $44.57 billion.

GM's Latin American operation was a bright spot - profit rose to $445
million from $296 million. But Asia swung to loss and European profits
tumbled 94%.

Excluding charges, the North American business had a $4.3 billion loss as
revenue dropped by one-third to $19.8 billion, pushing market share down
to 20.2% from 22.7%.

A year ago, GM swung to a second-quarter profit as it relied on continued
strength in international operations and a slim profit in its core North
American automotive unit to dramatically improve its bottom line.

GM's earnings were also dented by a $1.2 billion loss from its 49% stake
in its GMAC LLC financing arm. Thursday, GMAC swung to a second-quarter
loss as it took a $716 million write-down on leases and recorded more
losses from its Residential Capital LLC unit.

Second-quarter cash levels fell to $21 billion at the end of the second
quarter from $23.9 billion at the end of the first quarter.

The dismal second quarter caps four consecutive years of disappointing
results, dating back to the beginning of 2005, when GM shocked Wall
Street with an abrupt string of deep losses. Since then, Chief Executive
Rick Wagoner has been racing to cut costs, slim down operations and
remake the vehicle portfolio.

*At the same time, Wagoner has invested heavily into emerging markets,
placing big bets in Latin America, Eastern Europe and Asia even as market
share dwindles at home.*

- - -

Any bets as to when GM will abandon manufacturing in the U.S. market?



No time soon.

Although dismal financial results, the bulk of the "losses" are write offs
and charges to re-tool for the manufacture of more smaller, fuel efficient
cars for the US market.


They have been retooling for 4 decades.

WTF.

Sounds horrible, and I am not making light of the problems, but it's not
as bad as the media (and you) are making it out to be.


Worse, bankrupt GM.

GM is toast.


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Reginald P. Smithers III, Esq. wrote:
hk wrote:
Eisboch wrote:
"hk" wrote in message
. ..

I *love* it. It tells me Wal-Mart is scared.



Wal-Mart is among the most exploitative major employers in the
United States. The so-called "health insurance" it "offers" its
employees is a fraud. It is a major violator of wage-hour laws. It
is the major seller of crap ChiComm products in the USA.




It seems to me that Wal-Mart has a specific goal to remain a low-cost
outlet for limited income families and/or those that like to pinch
pennys when buying basic necessities. In your quote you left out
the part whereby by unionizing, Wal-Mart would need to raise prices
and lay off employees.

Why not let the public chose where they want to shop and work?

Eisboch




Shop wherever the hell you want. Free choice in shopping is fine if
the "public" has the ability to have influence on how its area is
developed. In our part of our rural, conservative county, we have an
older Wal-Mart store (that I've never been in), but we stopped
Wal-Mart dead in its tracks with its plans to built a "super Wal-Mart"
in our area. Wal-Mart spent a ton of money on PR and political bribes
to force it way. All it took to defeat Wal-Mart was a number of
petitions signed by enough voters to let the county pols know they'd
be out on their asses if they approved building the new store.


What Harry is really saying:

Free choice in shopping is fine as long as I can tell people what their
choices are.


WAFA is talking out of his ass...again.
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