GM reports 4.3 billion loss July-Dec

CollinsE90 · 04-07-2010, 12:28 PM

http://detnews.com/article/20100407/AUTO01/4070391/1148/auto01/GM-posts-$4.3-billion-loss-in-July-December-period

can they fail anymore as a company, i hope we dont find out and they shut the shit down

discuss

Spec 1 · 04-07-2010, 01:29 PM

Well duh. That's July-Dec of 2009. That's immediately after the bailout. They were going through many changes, getting rid of unprofittable products, trying (unsuccessfully) to sell brands, reorganizing upper management... etc. They also dealt with a lot of worry on the public's side as far as "will they be stable after bankruptcy?"

I would think Jan-June, 2010 will be a better representation. GM is still corrupt from the inside and still getting away from their crap products. Sales rates have risen this year now that consumer confidence is rising, products are improving, and more.

Btw, fwiw, July-December is not a "quarter". May want to change your title.

335R1 · 04-07-2010, 02:23 PM

I love the GMC Terrain. I'm buying that for my father.

akh23456 · 04-07-2010, 02:25 PM

Quote:

Originally Posted by Spec 1

Well duh. That's July-Dec of 2009. That's immediately after the bailout. They were going through many changes, getting rid of unprofittable products, trying (unsucsessfully) to sell brands, reorganizing upper management... etc. They also dealt with a lot of worry on the public's side as far as "will they be stable after bankruptcy?"

I would think Jan-June, 2010 will be a better representation. GM is still corrupt from the inside and still getting away from their crap products. Sales rates have risen this year now that consumer confidence is rising, products are improving, and more.

Btw, fwiw, July-December is not a "quarter". May want to change your title.

+1

totally agree with you

CollinsE90 · 04-07-2010, 02:39 PM

Quote:

Originally Posted by Spec 1

Well duh. That's July-Dec of 2009. That's immediately after the bailout. They were going through many changes, getting rid of unprofittable products, trying (unsucsessfully) to sell brands, reorganizing upper management... etc. They also dealt with a lot of worry on the public's side as far as "will they be stable after bankruptcy?"

I would think Jan-June, 2010 will be a better representation. GM is still corrupt from the inside and still getting away from their crap products. Sales rates have risen this year now that consumer confidence is rising, products are improving, and more.

Btw, fwiw, July-December is not a "quarter". May want to change your title.

fixed, but i dont know if they are going to be able to pull this out even after all of that bailout money... they are at $.56 stock right now and dont see it moving anytime soon

they need to liquidate every corp executive they have and restart

CollinsE90 · 04-07-2010, 02:42 PM

Quote:

Originally Posted by 335R1

I love the GMC Terrain. I'm buying that for my father.

i dont think their vehicles are horrible, even the best cars have problems(ex. our beloved brand), and atleast theirs is a cheap fix...its their executives out golfing with their million's of bonus money every year for doing not a damn thing that is hurting them...they need to hire people like hyundai's corporate exec's

quagmire · 04-07-2010, 02:44 PM

Quote:

Originally Posted by CollinsE90

fixed, but i dont know if they are going to be able to pull this out even after all of that bailout money... they are at $.56 stock right now and dont see it moving anytime soon

they need to liquidate every corp executive they have and restart

What stock? GM is now a private company. Maybe you mean Motors Liquidation( used to be General Motors Corporation which was publicly traded).

They did get rid of LaNeve, Wagoner, Fritz, and many other executives that led GM into the ground. They brought in new faces( Whitacre and Liddell) or brought up executives from their international operations like Reuss who had success running Holden.

CollinsE90 · 04-07-2010, 02:51 PM

Quote:

Originally Posted by quagmire

What stock? GM is now a private company. Maybe you mean Motors Liquidation( used to be General Motors Corporation which was publicly traded).

They did get rid of LaNeve, Wagoner, Fritz, and many other executives that led GM into the ground. They brought in new faces( Whitacre and Liddell) or brought up executives from their international operations like Reuss who had success running Holden.

yea thats what i meant ML, i would love to take advantage of GM(ML) if they can pull out like Ford, $1.26 to $10 in a year

quagmire · 04-07-2010, 03:00 PM

Quote:

Originally Posted by CollinsE90

yea thats what i meant ML, i would love to take advantage of GM(ML) if they can pull out like Ford, $1.26 to $10 in a year

I fully doubt Motors Liquidation will pull out...... That is the bad assets. Motors Liquidation is still in bankruptcy and will eventually liquidate once everything is settled and sold.

Couch · 04-07-2010, 03:05 PM

It's now Government Motors. Anything the government touches turns to shit.

quagmire · 04-07-2010, 03:39 PM

Quote:

Originally Posted by Couch

It's now Government Motors. Anything the government touches turns to shit.

Syndicategt · 04-07-2010, 03:46 PM

Quote:

Originally Posted by Couch

It's now Government Motors. Anything the government touches turns to shit.

Acctually they are called MOTORS LIQUIDATION CO (MTLQQ) and the stock is currently at $0.57 a share.

quagmire · 04-07-2010, 03:59 PM

Quote:

Originally Posted by Syndicategt

Acctually they are called MOTORS LIQUIDATION CO (MTLQQ) and the stock is currently at $0.57 a share.

The old GM is ML. When GM entered Chapter 11, a 363 motion was granted which a government setup company bought GM's good assets. While the bad ones remain in bankruptcy for eventual liquidation. The new government owned company then exited bankruptcy and changed its name to General Motors Company.

KingOfJericho · 04-07-2010, 03:59 PM

Quote:

Originally Posted by Couch

It's now Government Motors. Anything the government touches turns to shit.

CollinsE90 · 04-07-2010, 04:53 PM

Quote:

Originally Posted by Syndicategt

Actually they are called MOTORS LIQUIDATION CO (MTLQQ) and the stock is currently at $0.57 a share.

fixed

c0nstant · 04-07-2010, 05:21 PM

Quote:

Originally Posted by Couch

It's now Government Motors. Anything the government touches turns to shit.

somewhat related to your post

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KingOfJericho · 04-07-2010, 05:50 PM

That's pretty funny

radix · 04-07-2010, 05:56 PM

Quote:

Originally Posted by jh valley

somewhat related to your post

winrar

Blake · 04-07-2010, 06:18 PM

need more duct tape

UncleWede · 04-08-2010, 10:47 AM

My 02 GMC Sonoma is the BEST vehicle I have ever owned. Despite my oldest son mashing the front end into the back of a Land Rover, and some fool at the stop sign pressing his accelerator BEFORE I moved, it runs like a top, nonstop. The only time I've had to take it back to the dealer for "service" was because the tailgate supports didn't fold right and over time stressed and nearly broke. I change the oil, the tires, and add gas. I wash, polish, and seal. The rest of the time I haul all kinds of crap, and daily drive the heck out of it.

04-07-2010, 12:28 PM	#1
CollinsE90 Where my bitches 800 Rep 1,924 Posts Drives: Cadillac coupe deville Join Date: Mar 2009 Location: street corner checking profits iTrader: (0)	GM reports 4.3 billion loss July-Dec http://detnews.com/article/20100407/AUTO01/4070391/1148/auto01/GM-posts-$4.3-billion-loss-in-July-December-period can they fail anymore as a company, i hope we dont find out and they shut the shit down discuss Last edited by CollinsE90; 04-07-2010 at 02:37 PM..
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04-07-2010, 01:29 PM	#2
Spec 1 Faster in the Corners 58 Rep 1,062 Posts Drives: '91 E30, '05 ZX6-R, '06 300C Join Date: Jul 2008 Location: Portland, OR iTrader: (0)	Well duh. That's July-Dec of 2009. That's immediately after the bailout. They were going through many changes, getting rid of unprofittable products, trying (unsuccessfully) to sell brands, reorganizing upper management... etc. They also dealt with a lot of worry on the public's side as far as "will they be stable after bankruptcy?" I would think Jan-June, 2010 will be a better representation. GM is still corrupt from the inside and still getting away from their crap products. Sales rates have risen this year now that consumer confidence is rising, products are improving, and more. Btw, fwiw, July-December is not a "quarter". May want to change your title. __________________ '91 M42 E30 - All sorts of goodies. Last edited by Spec 1; 04-08-2010 at 11:59 AM..
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04-07-2010, 02:23 PM	#3
335R1 Private First Class 34 Rep 108 Posts Drives: F30 335i Join Date: Dec 2009 Location: Connecticut iTrader: (0)	I love the GMC Terrain. I'm buying that for my father.
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04-07-2010, 03:05 PM	#10
Couch Colonel 146 Rep 2,900 Posts Drives: E92 335i Join Date: Jan 2007 Location: Houston iTrader: (0) Garage List 2007 E92 335i [0.00]	It's now Government Motors. Anything the government touches turns to shit.
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04-07-2010, 05:50 PM	#17
KingOfJericho Major General 2460 Rep 7,341 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	That's pretty funny __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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04-07-2010, 06:18 PM	#19
Blake Banned 808 Rep 4,643 Posts Drives: Chevy Aveo Join Date: May 2008 Location: Parent's Basement iTrader: (7)	need more duct tape
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04-08-2010, 10:47 AM	#20
UncleWede Long Time Admirer, First Time Owner 18711 Rep 9,443 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	My 02 GMC Sonoma is the BEST vehicle I have ever owned. Despite my oldest son mashing the front end into the back of a Land Rover, and some fool at the stop sign pressing his accelerator BEFORE I moved, it runs like a top, nonstop. The only time I've had to take it back to the dealer for "service" was because the tailgate supports didn't fold right and over time stressed and nearly broke. I change the oil, the tires, and add gas. I wash, polish, and seal. The rest of the time I haul all kinds of crap, and daily drive the heck out of it.
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