Warren Buffet Just Bankrupted GM
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- Опубликовано: 9 фев 2025
- Warren Buffet Just Bankrupted GM, DIY and car review with Scotty Kilmer. General Motors production problems with their new cars and trucks. Should I buy a GM? Are GMs still reliable? Does GM make good cars? GM problems with their cars and trucks. Everything wrong with the GM. Car Advice. DIY car repair with Scotty Kilmer, an auto mechanic for the last 56 years.
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Perfect Video. lol
Yet,, i got a letter saying “my $3k checking account was dormant” (1year) , “it must be used or it will be taken , by gov”
“Science” is only as good as who pays for it
All the auto manufacturers are crap!!! They can make affordable cars and trucks for everywhere in the world but here in the USA. Every time you say there's a new affordable vehicle it's never here.
Imagine if we could take the cost of doing business out of the equation vehicles would be 65% cheaper .
Not affordable in the USA because of CAFE which is your wonderful government !
Same as the pharmaceutical companies. Is more affordable to get prescriptions everywhere else but the US they're bleeding us dry
Blame governmental regulations. 😉
The Israeli dual citizenship people in our government causes this single handedly in all venues. If you question em you get crucified and another Holocaust museum erects
A few years before I retired from my union factory job, Buffet bought the company. We called it “jerk share half the way”
Hey Scotty.... Had to get my daily dose of your sense of HUMOR! Outstanding
Reminds me of Chrysler’s ultra luxurious…. ‘Corinthian Leather’… or as we call in Canada… ‘ Vinyl’. Thanks for the video, Mr. Kilmer.
But it sounds so good when you let the words roll off of your tongue like Ricardo Montalban 😂
Like the faux diamonds?
the fact that youtube let this video stand gives me new hope ..saying it like it is should never be censored .well done Scotty!
Glad I got my truck when I did and even still, got some gripes with engineering but no regrets. GM and MB perfectly demonstrate the detachment between the higher ups and the actual users of the product... they don't listen to us, they listen to the government and steadfast to do their bidding. Despite that, GM is still the best house in a crummy neighborhood; they were all made to adapt by the government - governments will have to bare responsibility. No manufacturer protested...
Warren Buffet knows what he's doing. Gm is done.
Pure evil
He's got inside news they all do. Regular Joe's like us get lucky or lose
It sure is.
@@barryrammer7906Warren Buffet pays 60,000 people to have full-time jobs. How many jobs have you created?
The problem is most of these automakers use the same suppliers to build the same junk by a different automaker
I’d have to say for a sub $5k pickup that is reliable and secondly cheap/easy to repair would be the 99-07 Classic GM trucks with a LS based V8. Super simple and ultra supported online so would be easy self repairs.
They still use ls3 engines in their trucks, they just have bigger pistons but they are less reliable due to afm
No Ford recalls today? That just shocked the entire car industry. 😂
😂😂😂😂😂
Wait! There's still a few hours left 😂
😂
Everything is slowly shutting down on purpose all planned
💯🎯
Government wants to control us
Debt/Open Borders/ And no morals is how to destroy a country@@user-xn2nu3lm7p
Recently bought a 1995 2wd tacoma with 159k for 4600$. Gotta wait for that good deal to come along and jump on it immediately
Four years ago that would have sold for $2,500
@prd004.2 sad but true. I'm willing to pay for the reliability the old toyotas offer.
It’s probably the same one I owned.Mine evergreen pearl colored with black bumper,and door handles.
“All guitars must be electric by 2030” - World Economic Forum 🤡🤣
All my guitars are electric -- that was the way for me to go!🎸🎸🎸🎸🎸🎸🎸
GM has been on borrowed time ever since the government bailed them out of bankruptcy in 2009.
So, Instead of allowing the free market to work as intended, the government ended up picking favorites.
Yep maybe if GM wasn't giving so much money to Democrats they wouldn't be in financial trouble again
Actually, in 2009, the White House Regime took GM from he shareholders and gave GM to the Daley political machine of Chicago, the UAW and the Chicago Mob (the trident of evil. All 3 are intertwined, and guaranteed the end of GM as a real corporation.
Thanks Scotty for the truth in a humorous way. I can't believe the number of people who watch advertising that still believe that their is any truth in it. That went away a long time ago when advertisers were heald to a standard, it was called truth in advertising. This meant that whatever you claimed about your product had to be true and proved and that meant all the claims.
Its NOT just a GM problem. Its alot of manufacturers!!
But newer gm sucks
@@richsweeney1115 Newer Chrysler/Dodge's suck even more. And Chrysler's been in worse shape than both GM and Ford for decades now. Personally, I think Chrysler should've gone out of business before GM when they were being bailed out by The Government.
Scotty - Glad to hear you say the older Ford Ranger's are a good buy. I bought mine new in 2000 (with the extended cab) and it's still running strong with 210K miles. The only significant mechanical issues I had to deal with included replacing the electronic fuel ignition and steering gear hydraulics that were leaking. Other than that, it's been a great truck. And one other thing, the A/C has gone all this time without ever needing a charge. One thing I do have to do is to clean up the head light covers that are yellowed and dingy. What's the best way to do that. Regards, John
Try some white tooth paste. Clean and Wet the headlight. Put some white toothpaste on a damp paper towel and start polishing the headlight in little circles. Once polished wash off with some water. Dry and coat with some good car polish. It has to be the white toothpaste. The gel doesn't work as good.
for professional results buy the 3M headlight restoration kit at your local auto parts store; all you need is a cordless drill
Hopefully they can make something out of wind turbine blades. They are stacking up all over.
Sierra Club wants to use them for coffins for all the dead birds since they get sliced out of the air.
Warren buffet: "why you should never sell your stocks"
Also warren buffett; sells his stocks
If I may, Buffet's advice is for long term investments in diverse sectors of quality company stocks for your retirement nest egg. "Never sell", is more a point for holding (during the lows) rather than panic sell, which may actually cause a loss.
@@robertnathan2843 Correct..........yet he's panic selling so...........your comment doesn't dismiss his contradiction.
@@MrBottlecapBill Warren Buffett panick? Diversified, adjustment and rebalance. Correct and contradiction? Thanks
This recession is going to put GM and Stellantis in bankruptcy. Maybe even Ford. Interest rates are way to high for the average Joe to finance a $50k truck much less a $60k.
Oh good ford can go. I seen ford's hidden quality control problems..
Steering wheel popping up. Lock your door and security theft alarm drains your battery 😂😂😂😂😂😂
Yep ,most people are holding onto any car that still runs decent. More and more people are taking care of their cars as much as they can by themselves. (Thanks Scotty)
Interest rates seem high after a decade of free money ie low to no interest 🙄.
Warren has controlling shares in most banks, too.
@wilinstonthompson1352 Correct. Interest rates were to low for too long. Easy money and government printing trillions of dollars is why we have this insane inflation. My first home was 10.25%.
I read elsewhere that Buffet sold 870M worth of GM stock.
He sold the stock before it went down and bought other lower priced. Metal? When it was low and now is up.
So Wise , Thank You . My Nisan Frontier has 225,000 Miles , Works for me
Scotty you are a national treasure.
GM just announced a $10 billion stock buyback. They have $10 billion in cash they don’t need. They are not going bankrupt.
I love the sustainable/eco interiors!
Scotty, I hate to tell you, but every time someone sells a stock, another person buys it from them.
I remember as a kid the media pounding away that recycling was going to save the environment lol
The reason his buys are hidden when he’s buying is because he doesn’t want to move the market by having his fan bid up the stock price. That’s not a new thing. Then he would be considered pumping up the stock (a la Elon Musk and Tesla). The SEC has had this rule since I was a kid.
I have been impressed with the new 22 malibu I bought last winter
Just wait. the ac will go out
To be clear, no must tell others what stock they own. However, publicly traded companies are different
Scotty I love how you talk with you hands.
you are EXACTLY right about the stock market. So crooked.
the OEM's are going to have a difficult time surviving this.
People are not willing to pay 25%- 30% more than the prices from just a few years ago. People cannot afford it, so sales are plummeting.
The OEM reaction is to start cutting prices until people start buying again.
At the same time, they are giving 40% raises to their employees!
The math just isn't mathing on this one.
Good luck
I feel like lots of cars and trucks are becoming money pits no matter the make or model. Ford is garbage and even Toyota as had some issues lately. they just don't make things like they used to.
God bless Scotty Kilmer’s soul ☝️😎
The Florida pool pump motor repair guy 32750 approved ! that was good info & see Scatty Kilmer
The big 3 and UAW are in a suicide pact
Gas always goes down before it goes up even more. Always.
I was a Chevy fan boy forever. I was thinking about it recently and realized that almost all of the chevys my family owned needed to have the engine replaced. I won’t be going back to Chevy anytime soon.
Maybe teach your family how to change their oil.
I work for GM and can agree
Much appreciation for u Scotty
10:08 - they're bad enough new. Nearly spilled my drink there, Scotty🤣
I knew stocks were rigged for rich people💯 thanks Scotty
Rigged for the rich and politicians they get inside trading privilege.
"Rigged for Rich People" You got that right Scotty !!! You're crackin me up Scotty !!!
Laffter makes us live longer
Thank you Scotty
🍻
Hydrogen in cars is typically referring to a hydrogen full cell which doesn't actually burn anything and releases water as exhaust. If there was a clean efficient way to create/capture Hydrogen it could be a great energy source for cars assuming all the safety issues are also addressed with it being so explosive. The problem is like you mention most hydrogen currently is captured from natural gas wells and isn't really all that clean. There are ways to generate it with clean energy such as solar/wind/water used for electrolysis, but as far as I know all the green options so far are incredibly energy inefficient.
Denim works better as attic insulation due to its density that any other option
Scotty's a real scientist.
I'm far from rich but I've done really well with my Google and Apple stock and I'm keeping it. 8:17 Jim Fixx, the guy who started this nutty idea that running long distances a.k.a. jogging......died...jogging
It's a good time to sell it, interest in tech is falling fast
Enjoy your show.
Quick one, super clean 2007 Tacoma trd sport, auto, 4wd, 145k miles no rust (black access cab short bed, frame in great shape but not yet undercoating, adult professional type private sale.
Drives very well and not modified at all
$10.5 k
Opinion?
They could make cabin filters with recycled toilet paper. You wouldn’t even have to dye it brown. Go for it Volvo
Scotty woke up and chose to speak facts
Very insightful…I mean lack thereof.
Well at least Scotty knows about cars
I agree with the most recent generation of GM trucks. I wouldn't buy the new 4 cylinder turbo Colorado. I do have a 2017 Colorado with over a 100k miles and have done regular fluid flushes. Thermostat broke and was stuck open needed to be replaced and the touch screen on the radio need to be replaced. The security module was fine, just the touch screen went bad. That's it besides normal wear like tires, brake pads, and oil. I also get the de-carbon service once a year or so since it is GDI and it's the V6. I've been happy with it so far. I'll see how it does at 150,000 miles.
Gas just went up this morning, SW Florida.
Idk about that. Even if the stock market is rigged which they do get preferential treatment, it is still a store of wealth and it's def helped us.
Hey Scotty I live in Ks and and bought a car for 740$ and every time i first start it, it starts fine , after that i have to press the gas I fixed the mafs and still same problem
That new recycled smell is glorious.
I for one love my GM 1 think I miss is my crew cab
I own a 2012 Silverado 1500 and its the last American made truck ill own if buying new. I disabled the dod at 139,000 so far so good 177k not many problems.
Thank you, thank you! Really appreciate your sharing all that you share. You are exactly correct. Great information.
You are right. I always tought the same thing for the stock market.
If you run a combustion engine on purely hydrogen and oxygen, which all you need to obtain is water through electrolysis, there are no hydrocarbons. The exhaust would be purely steam.
Yep u just need a really big 2000lb per sqr inch gas tank to hold ur hydrogen.
EVERY 50 HYDROGEN CARS TAKES A SIMI TRUCK LOAD OF FUEL
Where do you get the energy for electrolysis? Hydrogen uses more energy to make than it puts out
@@billsanteryou ought to know by now that type of realistic thinking is not done by the masses today
Not exactly. 78% of your intake air is nitrogen and the high temps and pressures create nox (no, no2) which have to be dealt with.
Remember what Klaus Schwab said three years ago. "No one will own anything by 2030"..... Only 94 Celicas......
Good video.
I remember when they said not to eat eggs because it is full of cholesterol. And now they say it’s okay to eat.
Those poor chickens, it must of affected their mental wellbeing hearing this 😢🐔
@@mrgarrison3516Oh...fried chicken have created anti anxiety for them😂😂😂
Loved your comment on recycling stuff for cars. Thank you for being an island of sanity in a world filled with woke madness! 😊
"...dont put your money in stock market its for rich" dude thats where you get wealth long term. Too funny dude love ya
Mushroom roots? What would that be?
Magic mushrooms, if you lick the dash... you'll get high
Volvo trying to appeal to the younger generation that will never be able to afford their cars sounds like as good an idea as their recycled garbage interiors 🤣🤣
😂😂GM: Garbage Mobile😂😂
❤Love it Scotty❤
and lastly did you see Irv Gordon's 3.2 million mile Volvo P1800, it made the news on the UK papers today. They don't make em like they used to!!
2024 is the Boeing B-52 70th birthday. Keep your good old car running. Upgrade it, do not buy new.
Mary Barra is only finishing what Roger Smith started 35 years ago.
And they both made millions personnaly to kill a company. What a world.
Hey Scotty price of oil is up this week. It will be back to 85 or 90 by March
See the thing about the Buffet family is that they are like the Walton's. The old founders are conservative capitalists, the kids tend to be more lefty (Schumpeter's quandary). But Warren does not want to see his kids lose their philanthropic reputations, if or when the public finds out that Berkshire has been dumping American companies in favor of energy and oil companies. That is why Berkshire needs to keep that information private.
are you confused? Buffett is a stauch Democrat. always has been like his daddy. he's full on for Obama.
Scotty, are you looking forward to the Cybertruck delivery event this week?
Scotty, my 2001 Ranger has 295K miles on it and it runs like new.
Most American automakers get what they give. Make cars dependable and safe
All the ones I know run on ethanol.
Warren Buffet best friend Charlie Munger just died at 99 years old on Tuesday
It's crazy Scottie!!! What's next? Recycle steel and aluminum, too!?!? This sustainability stuff isn't even sustainable for what I gather from this content... Thank again for telling it how it is...
I know you are no fan of GM but the GMT800 platform are some of the most reliable and longest lasting trucks on the road. Their real only weakness is rust if you live in the Northeast or Midwest (which I do). If you can find a 99-06 Silverado or Sierra with reasonable mileage that isn't rusted to hell, it will be reliable and a hell of a lot more capable than the compact trucks mentioned in the video. I love Scotty but sometimes his hate for GM overshadows reality.
There is a reason that the gm Logo is now in lower case letters instead of using the capital letters GM.
You'll have to explain how Warren Buffet selling stock "bankrupted GM." The only way GM is affected by stock prices is the shares are worth less for employees who are given stock bonuses, and in the short term, it may affect the rate they pay for borrowed money.
I just had a transmission valve body go out of a 2008 nissan frontier with 88 thousand miles that had the transmission serviced twice since Ive had it the part alone was 1800 dollars plus Labor and fluid ouch I got it with 26 thousand in 2012
The word "nissan" explains everything.
I just hope that general motors doesn't pull out of NASCAR. Because the Chevy Camaro production ends in 2024. Hopefully general motors can find something to replace the Chevy Camaro in the NASCAR Cup series and in the NASCAR xfinity series.
Chevy volt😂
Best show ever!
I want pillow-top bench seats
Gm was great decades ago.
If you want a truck, get a Ford. If you want something to ride around in, get a toyota. Realistically, how many toyotas do you ever see towing anything?
Hydrogen is clean provided the energy source used to produce it is clean.
When run in an engine other than traces of oxides of nitrogen and hydro carbons from crank case ventilation and piston/ring blow by, the only emission from the exhaust is water.
If you were in a desert and wanted to produce electricity and irrigation then you'd have a fairly efficient system.
Actually, HDPE and coffee beans makes a great combination which is why no one does it
My Dad, has an old Ford Ranger. It has never broken down. His Ranger is over 20 years old. In fact it might be 25 years old. I will need to ask him about that. The old Rangers are very good. They just work. Thoughts?
Thanks for the info 😊
NO BAILOUTS !!!
They are profiting off the option market.
When I hear buffet, I picture "All THEY can eat".
Smart move.
Mushroom roots? I must not have got the joke. Just sitting here wondering if people think mushrooms have roots.