All three U.S. automakers post a profit

Discussion in 'Politics' started by Chris, Jan 5, 2012.

  1. Chris
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    Chris Gold Member

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    NEW YORK (CNNMoney) -- All three U.S. automakers are on track to be profitable in 2011 when they report results in the coming weeks. That's something that hasn't happened since 2004.

    General Motors (GM, Fortune 500) is expected to post a 26% rise in profits to about $6.1 billion.

    Ford's (F, Fortune 500) profit is expected to come in at about $7 billion, up from the $6.6 billion it made in 2010, which was the automaker's best performance since 1999.

    And after posting a loss last year Chrysler says it will swing to a profit. The company is in the midst of an amazing turnaround, especially considering that during its darkest days the company seemed doomed to disappear. (The comeback of the American car)

    And there's hope for the future because even better profits may lay ahead.

    Good times are here again? Analysts are in widespread agreement in forecasting better industrywide sales in 2012 and beyond. They see sales rising from 12.8 million in 2011 to between 13.5 million to 14 million this year and close to 15 million by 2014 or 2015.

    "In terms of profitability and outlook, this is the best conditions we've had for the U.S. auto industry in a long, long time," said Jesse Toprak of TrueCar.

    Detroit automakers are (finally!) making profits - Jan. 5, 2012
     
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    Last edited: Jan 5, 2012
  2. Old Rocks
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    Old Rocks Diamond Member

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    You can hear the 'Conservatives' cursing already. Imagine, those fellows making a profit and hiring Americans. How unpatriotic. They should be laying off, posting losses, so they can make the loony tune rightwingnuts look good.
     
  3. Disenchanted61
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    Disenchanted61 Member

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    Maybe the come back of the "American" car, but I doubt that and employee staff will benefit as investors and
    those at the executive level has.
     
  4. Chris
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    Chris Gold Member

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    This is going to be a very good year economically.
     
  5. candycorn
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    candycorn Alis volat propriis

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    Thanks to Mr. Obama and Mr. Bush as well. Part of it was from TARP I as I recall
     
  6. R.C. Christian
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    R.C. Christian Gold Member

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    If Obama hadn't saved GM then we'd have never had the displeasure of seeing that shitty new Camaro or even the Corvette. The white trash mobile on steroids coming to a trailer park near you! Thanks a lot Obamhole.
     
  7. AquaAthena
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    AquaAthena INTJ/ INFJ

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    Yeah...let's hear it about that Volt! :eusa_boohoo:
     
  8. whitehall
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    whitehall Gold Member

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    Gee, now the left seems to think that corporations posting a profit is a positive thing. Welcome to capitalism
     
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  9. Jeremy
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    Jeremy TRANSFER!!!

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    Gawdamn 1% just keeps getting richer...

    What a bunch o' nutherfukkers!!!
     
  10. Truthseeker420
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    Truthseeker420 Gold Member

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    Always have, it is the free ride that corportaions get that upset people.
     

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