4.6 general chat
6th Gear Member
Joined: Aug 2009
Posts: 6,028
From: New Jersey
And if we are going to talk about Wall Street and earnings here....
After adjusted EBIT, their earnings were down over 600 million in Q4 compared to Q4 2010.
GM is in no way performing as they should be expected to....
After adjusted EBIT, their earnings were down over 600 million in Q4 compared to Q4 2010.
GM is in no way performing as they should be expected to....
6th Gear Member
Joined: Aug 2009
Posts: 6,028
From: New Jersey
Here is what is alarming. After the ENORMOUS bailout they received....
As of 12/31/2011 GM had 15.5 billion in cash on hand
As of 12/31/2010 GM had 21.1 billion in cash on hand
Debt increased by nearly 800 million over that year, and their capital expenditures increased by 2 billion in that year span (2010-2011). So basically, they are performing exactliy as Obama - Spending more, earning less, and delaying payments for years to offset the balance sheet.
F Obama, F Chevy and F Obama yet once again. I'm all about spending money to make money, but it needs to be with a profitable light at the end of the tunnel.
It is very easy to come out with a report stating "OHHHH GM IS PROFITABLE LOOK HOW THE BAILOUT WORKED!!! OMGGGGG" < - yeah, B.S, blow me.
As of 12/31/2011 GM had 15.5 billion in cash on hand
As of 12/31/2010 GM had 21.1 billion in cash on hand
Debt increased by nearly 800 million over that year, and their capital expenditures increased by 2 billion in that year span (2010-2011). So basically, they are performing exactliy as Obama - Spending more, earning less, and delaying payments for years to offset the balance sheet.
F Obama, F Chevy and F Obama yet once again. I'm all about spending money to make money, but it needs to be with a profitable light at the end of the tunnel.
It is very easy to come out with a report stating "OHHHH GM IS PROFITABLE LOOK HOW THE BAILOUT WORKED!!! OMGGGGG" < - yeah, B.S, blow me.
Chupacabra
Joined: Jul 2004
Posts: 9,621
From: wilkes-barre PA
http://abcnews.go.com/blogs/business...illion-profit/
As stated, gm had a record year as far as selling cars and making profit, im not talking anout how much in debt they are.
As stated, gm had a record year as far as selling cars and making profit, im not talking anout how much in debt they are.
4th Gear Member
Joined: Mar 2008
Posts: 1,977
From: Atlanta
The government should have left GM alone and let them figure out how to get themselves out of their own mess. They'd be better off now without the governments help (not making the Chevy Volt... the only way to sell it is for the government to offer massive tax breaks to people buy them, like you really think people who are going to buy a +$40k new car want that piece of junk?)
I love E92 335's. That'd be my first choice if I was in the situation to go that route.
Go Braves!
Edit: "In China, GM’s Buick Excelle is the most popular car on the market and one GM car or truck is sold in the country every 12 seconds." No one domestically wants to buy a Chevy. They're sales are coming from over seas. Not to mention GM assembles like no cars in the U.S.
"GM vehicles assembled in Canada include Chevrolet's Camaro, Equinox and Impala and the GMC Terrain, while vehicles built in Mexico include Cadillac's SRX and Escalade EXT, Chevrolet's Aveo, HHR, Silverado, and GMC's Sierra. GM vehicles built in the U.S. include Buick's LaCrosse, Lucerne and Enclave, Cadillac's CTS, DTS and STS-V, Chevrolet's Cruze, Corvette, Malibu and Tahoe, and GMC's Yukon." -http://autos.aol.com/article/is-your-car-really-american/
I thought the Corvette was assembled in Canada?
I realize Ford has a lot of assembly plants internationally too... but jez
Go Braves!
I love E92 335's. That'd be my first choice if I was in the situation to go that route.
Go Braves!
Edit: "In China, GM’s Buick Excelle is the most popular car on the market and one GM car or truck is sold in the country every 12 seconds." No one domestically wants to buy a Chevy. They're sales are coming from over seas. Not to mention GM assembles like no cars in the U.S.
"GM vehicles assembled in Canada include Chevrolet's Camaro, Equinox and Impala and the GMC Terrain, while vehicles built in Mexico include Cadillac's SRX and Escalade EXT, Chevrolet's Aveo, HHR, Silverado, and GMC's Sierra. GM vehicles built in the U.S. include Buick's LaCrosse, Lucerne and Enclave, Cadillac's CTS, DTS and STS-V, Chevrolet's Cruze, Corvette, Malibu and Tahoe, and GMC's Yukon." -http://autos.aol.com/article/is-your-car-really-american/
I thought the Corvette was assembled in Canada?
I realize Ford has a lot of assembly plants internationally too... but jez
Go Braves!
Last edited by tdcalhoun89; Feb 29, 2012 at 10:10 AM.
BrandofPoop
Joined: Jan 2007
Posts: 3,835
From: Bay Area
The government should have left GM alone and let them figure out how to get themselves out of their own mess. They'd be better off now without the governments help (not making the Chevy Volt... the only way to sell it is for the government to offer massive tax breaks to people buy them, like you really think people who are going to buy a +$40k new car want that piece of junk?)
I love E92 335's. That'd be my first choice if I was in the situation to go that route.
Go Braves!
Edit: "In China, GM’s Buick Excelle is the most popular car on the market and one GM car or truck is sold in the country every 12 seconds." No one domestically wants to buy a Chevy. They're sales are coming from over seas. Not to mention GM assembles like no cars in the U.S.
"GM vehicles assembled in Canada include Chevrolet's Camaro, Equinox and Impala and the GMC Terrain, while vehicles built in Mexico include Cadillac's SRX and Escalade EXT, Chevrolet's Aveo, HHR, Silverado, and GMC's Sierra. GM vehicles built in the U.S. include Buick's LaCrosse, Lucerne and Enclave, Cadillac's CTS, DTS and STS-V, Chevrolet's Cruze, Corvette, Malibu and Tahoe, and GMC's Yukon." -http://autos.aol.com/article/is-your-car-really-american/
I realize Ford has a lot of assembly plants internationally, but I can't think of a car GM assembles domestically... other than the VOLTTTT
Go Braves!
I love E92 335's. That'd be my first choice if I was in the situation to go that route.
Go Braves!
Edit: "In China, GM’s Buick Excelle is the most popular car on the market and one GM car or truck is sold in the country every 12 seconds." No one domestically wants to buy a Chevy. They're sales are coming from over seas. Not to mention GM assembles like no cars in the U.S.
"GM vehicles assembled in Canada include Chevrolet's Camaro, Equinox and Impala and the GMC Terrain, while vehicles built in Mexico include Cadillac's SRX and Escalade EXT, Chevrolet's Aveo, HHR, Silverado, and GMC's Sierra. GM vehicles built in the U.S. include Buick's LaCrosse, Lucerne and Enclave, Cadillac's CTS, DTS and STS-V, Chevrolet's Cruze, Corvette, Malibu and Tahoe, and GMC's Yukon." -http://autos.aol.com/article/is-your-car-really-american/
I realize Ford has a lot of assembly plants internationally, but I can't think of a car GM assembles domestically... other than the VOLTTTT
Go Braves!
5th Gear Member
Joined: Sep 2006
Posts: 4,760
From: Northwest Ohio (Fort Wayne Area)
Gm would have been better off with out the bailout look at Ford they would not go out of business with out the bailout. As of this month both bailouts cost us tax payers 24 billion dollars and looking like it will cost more before gm is truly back on there feet. With gm showing a profit it is really easy to.do that when you have the government paying all the bills
4th Gear Member
Joined: Mar 2008
Posts: 1,977
From: Atlanta
As much as I would love to agree with this, I can't I think the government did the right call by bailing them out. It's not like gm is a small company where they would be allowed to die. If they had to completely die, where would've all the workers gone? Just a big influx of more unemployed. And to make it clear I did not vote for Obama here in Ca and I won't for the next coming election. That guy hasn't brought a damn bit of hope or change to our beautiful country. Btw while we are at it, Go Oakland!
4th Gear Member
Joined: Mar 2008
Posts: 1,977
From: Atlanta
Gm would have been better off with out the bailout look at Ford they would not go out of business with out the bailout. As of this month both bailouts cost us tax payers 24 billion dollars and looking like it will cost more before gm is truly back on there feet. With gm showing a profit it is really easy to.do that when you have the government paying all the bills