Chevy, Chevy, Chevy, Chevy!

June 10, 2010

There I said it!

Despite the new edict from General Motors, I, a life-long Chevy owner, will continue to call my car and all others bearing the Bowtie logo, Chevies.

In case you missed it, the new ad agency for General Motors says the company needs to present a consistent brand message by referring to the automobile make as Chevrolet, not Chevy.

Big fat chance of that happening.

As the story in today's New York Times notes, Chevy is ingrained in the American automotive consciousness, in part by previous acts (and ads) by the automaker itself.

Then there's the music (Don McLean's pop ballad American Pie is the one that springs immediately to mind, but there are plenty of others) and, of course, the NASCAR Chevy drivers who always make sure to mention the auto amid the other other sponsors. The Chevy references could go on and on.

So get over it, GM! Or more likely, get over it new ad agency which is trying to justify its hiring and fees. (And apparently they are backtracking a bit after the immediate adverse reaction to the name plan.)

I'll keep driving a Chevy and calling my car that!

The Black #3 Chevy: Speaking of Chevy and racing, my latest motorsports column — Views from the Grandstands for Truckers News and Crazy Woman Driver for Changing Lanes — talks about why the iconic Black #3 Chevy needs to be back on NASCAR Sprint Cup tracks next season.


Chevrolet-Chevy-bowtie-logo I suspect Dale Earnhardt, Sr., who wasn't much of a sentimentalist, would agree that a decade without that vehicle in the sport's top racing tier is plenty long enough.

And I know Dale, from whatever vantage point he's watching, is still calling his car a Chevy!

Turning back to taxes: OK, thanks for letting me detour from taxes a bit in my Chevy (Chevy, Chevy, Chevy, Chevy) rant. But to keep us at least partially on course, let's talk a bit about autos and taxes.

First, of course, we must look at GM's financial situation, since we taxpayers are essentially owners of the car manufacturer.

"GM is in far better shape than bailout skeptics predicted," notes a recent USA Today editorial, thanks to the company's bankruptcy filing that let it slash debts, payroll, benefits, unprofitable product lines and excess
dealerships (some of which just got a reprieve).

But, notes the newspaper (and many other auto pundits and economists), taxpayers are a long way from breaking even on the GM bailout.

The ad in which GM Chairman and CEO Ed Whitacre boasts that the company had "repaid our government
loan in full
, with interest, five years ahead of the original schedule," is a model of corporate advertising spin.

Government, I mean General Motors did pay back $6.7 billion in government loans,
but most of the loans made to the automaker were converted to equity
during the bankruptcy restructuring process. This means we taxpayers still have a big — around $43 billion– stake in the car maker.

So I'm all for GM selling as many Chevies and its remaining nameplates as possible. But I don't think tweaking a name is going to do that much to increase sales.

Automotive sales tax note: Remember, too, that when Congress finally gets around to approving the tax extenders, one of the components is the itemized deduction of state and local sales taxes.

While most folks who claim this tax break use the tables that the IRS creates for each state, if you buy a car, you can add the vehicle's sales tax amount to the figure allowed via the tables.

Related posts:

Want to tell your friends about
this blog post? Click the Tweet This or
Digg
This
buttons below or use the Share
This
icon to spread the word via e-mail,
Facebook and other popular applications. Thanks!

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
6 tax moves to consider this June

June 3, 2026

Definitely take a break this June. But taxes don’t take vacations. So, you also should…

Read More
Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments