04-19-2010, 09:00 PM
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#11
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2023 Expedition
Join Date: Aug 2008
Location: Florida
Posts: 37,375
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Quote:
Originally Posted by 8cd03gro
They are saying they might be able to break even. Not my words, theirs.
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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.
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http://online.wsj.com/article/SB1000...096648592.html
Quote:
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"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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__________________
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