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Originally Posted by DGthe3
Last I checked we're in the 2nd quarter of 2010 and they were doing pretty well in Q1 2010.
And look at what was happening in the latter half of 2009. Q3 sales were generally still garbage and they just went through their bankrupcty. While Q4 showed improvement, they also payed $2.6B to the UAW as part of their healthcare restructuring plan (which goes into effect this year and will save them billions each and every year), $1.2B was payed back on their loans, and $1.6B was a "foreign currency re-measurement loss." So they had $5.4B lost in big, rare expenses and a total loss of $4.3B.
But perhaps you're right. GM is just spending money they don't have as a PR stunt.
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They haven't spent it yet now have they? They're saying they will. They also said they weren't going bankrupt until they did
Like I said, I'll believe it when I see it. Do you guys remember, "We want to assure our customers and stakeholders than GM is not considering bankruptcy..." I don't know the exact quote, but it was something along those lines within a few weeks of their bankruptcy.
Quote:
Originally Posted by FenwickHockey65
Someone bookmark this post so I can make him eat his words at the end of this year...
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Don't worry, I'll bookmark it. We can talk about this in 2025 when GM has payed their loans back completely.
We'll see when even the first quarter is posted. If they even break even, I'll give you the benefit and "eat my words." You guys seem to think that good talk means good results, but I'll give you a little tip: A corporation will never talk about the bad.