Chevrolet Corvette Stingray C7 Forum - View Single Post - GM back in the black As reported on CNNMoney

fox840505 · 05-17-2010, 04:37 PM

I saw this article on Yahoo and then decided to read the comments. That was a mistake. Everyone was knocking GM saying that their products suck and after being provided $52 Billion and they still could not post a profit in 2009 (then they state they drive quality vehicles such as Toyota). From one standpoint I understand what they are talking about, but wasn't GM still producing eight products? Once they shed most of their deadweight, minus Pontiac I always liked that line, they provided a profit. Most don't realize to turn a profit this quickly is normally undeard of. There is not very many companies that turn around a company that posted a $50 billion lose over three years and then post a profit the next quarter. Now the profit is not a lot but it is a start. With many highly anticpated product being introduced the next couple of years, the vintage GM is ready for a return.

05-17-2010, 04:37 PM	#2
fox840505 Drives: black rs/ss w/ silver striping Join Date: Oct 2009 Location: Ellsworth AFB Posts: 14	I saw this article on Yahoo and then decided to read the comments. That was a mistake. Everyone was knocking GM saying that their products suck and after being provided $52 Billion and they still could not post a profit in 2009 (then they state they drive quality vehicles such as Toyota). From one standpoint I understand what they are talking about, but wasn't GM still producing eight products? Once they shed most of their deadweight, minus Pontiac I always liked that line, they provided a profit. Most don't realize to turn a profit this quickly is normally undeard of. There is not very many companies that turn around a company that posted a $50 billion lose over three years and then post a profit the next quarter. Now the profit is not a lot but it is a start. With many highly anticpated product being introduced the next couple of years, the vintage GM is ready for a return.