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Old 04-19-2010, 09:00 PM   #11
FenwickHockey65
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Quote:
Originally Posted by 8cd03gro View Post
They are saying they might be able to break even. Not my words, theirs.
Oh really?

http://www.reuters.com/article/idUSTRE6363V820100407

Quote:
GM Chief Financial Officer Chris Liddell said he was "incredibly encouraged" by the company's progress in the first quarter toward a profit in 2010 and said GM would never again find itself in the financial position it experienced before the bankruptcy.
"There is nothing that I've seen in the first quarter -- which you'll see in a month's time -- that changes my opinion that there is a good chance that we will be profitable this year," Liddell said in a conference call.
http://online.wsj.com/article/SB1000...096648592.html

Quote:
"My prediction is we will be" profitable in 2010, Edward E. Whitacre Jr. told reporters at GM's Detroit headquarters, a sign of rising confidence that also sets a tough benchmark for the still-struggling car maker's employees.
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