GM sales up 40 percent

Discussion in 'Economy' started by Chris, May 17, 2010.

  1. Chris
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    Chris Gold Member

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    DETROIT — General Motors said Monday it earned $865 million in the first quarter, its first profit since 2007, after last year’s government-sponsored bankruptcy allowed the carmaker to wipe away many of its longstanding burdens.

    G.M. said revenue was up 40 percent, to $31.5 billion, and it had positive cash flow of $1 billion.

    The results show that G.M. is on track to become a public company again as soon as the fourth quarter, allowing the government to recover more of the billions of dollars it spent preventing G.M.’s collapse.

    G.M. Earns $865 Million as Quarter Quarterly Sales Rise 40% - NYTimes.com
     
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  2. WillowTree
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    WillowTree Diamond Member

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    you can't blame me. it hasn't snowed in hell yet.
     
  3. Truthmatters
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    Truthmatters BANNED

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    Ahh the buy foreign faction huh Willow?
     
  4. WillowTree
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    WillowTree Diamond Member

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    why yes I will. Until obie wan and gm pay back all the money they stole from their bondholders, stockholders, and pension plans.. I will definitely by an American Made Toyota..
     
  5. Vast LWC
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    Vast LWC <-Mohammed

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    Umm, you do see the problem in that line of thinking, right?

    Just saying.
     
  6. Wry Catcher
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    Wry Catcher Platinum Member

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    Good news for most Americans, though the Henny Penny Dancers (WT and the Fringers) need to find a new melody to go with their lyrics ("Oh no, the sky is fall....ing").
     
  7. WillowTree
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    WillowTree Diamond Member

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    no sir. I do not.
     
  8. Vast LWC
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    Vast LWC <-Mohammed

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    This is very good news. Thanks for the heads up.

    And, to all those people who said the rise in car sales was only due to the "cash for clunkers" programs I say:

    :razz::razz::razz:
     
  9. xsited1
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    xsited1 Agent P

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    GM can go to hell for all I care. I'll never buy a car from them. Two quotes from the link in the OP:

    It would have been best to let GM die.
     
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  10. Truthmatters
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    Truthmatters BANNED

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    How much do you have to hate your own country to wish it ill because you lost an election?
     
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