GM reports $4.3 billion loss through last 2 quarters of 2009

brAnd7onX · 04-07-2010, 11:43 AM

Here's the article with no mention of the camaro?... Is this legit??

http://news.yahoo.com/s/ap/20100407/...ge/us_earns_gm

Sax1031 · 04-07-2010, 11:48 AM

I am sure it is legit.

You have to remember the economy has sucked ass for awhile now. Especially in 2009.

Unfair · 04-07-2010, 11:51 AM

It's a report on their financial status why would they mention a car?
I'm reading I don't get it they owe 52 billion but promise to payback 6.7 billion?
eh I was never good at economics.

The 2010 Sin · 04-07-2010, 11:52 AM

they are also going to report a profit for the first time in a while by 2nd quarter this year.

brAnd7onX · 04-07-2010, 11:54 AM

I just don't understand how there is no mention of the Camaro. This car has saved GM's butt along with a few others.

"Sales of some of its new crossovers, including the Chevrolet Traverse and Equinox and GMC Acadia and Terrain, have been particularly strong."

Sax1031 · 04-07-2010, 11:54 AM

Quote:

Originally Posted by The 2010 Sin

they are also going to report a profit for the first time in a while by 2nd quarter this year.

Great news.

Unfair · 04-07-2010, 12:10 PM

Quote:

Originally Posted by brAnd7onX

I just don't understand how there is no mention of the Camaro. This car has saved GM's butt along with a few others.

"Sales of some of its new crossovers, including the Chevrolet Traverse and Equinox and GMC Acadia and Terrain, have been particularly strong."

GM is not "saved" no one car saved them or can save them, they need to do better with EVERY car they make.

Saved was to be said before they went into bankruptcy.

diddiyo · 04-07-2010, 12:11 PM

good job!

http://jalopnik.com/5511530/gm-puts-...d-half-of-2009

a_Username · 04-07-2010, 12:32 PM

I'm pretty sure no one here expected them to have a profitable fiscal year.

Sax1031 · 04-07-2010, 12:45 PM

Quote:

Originally Posted by a_Username

I'm pretty sure no one here expected them to have a profitable fiscal year.

Definitely

Brokinarrow · 04-07-2010, 12:47 PM

I'll judge them by how they do THIS year and the next couple years. Of course they weren't going to make any money last year (duh?)

a_Username · 04-07-2010, 12:49 PM

Quote:

Originally Posted by Brokinarrow

I'll judge them by how they do THIS year and the next couple years. Of course they weren't going to make any money last year (duh?)

Apparently some people believe that throwing money at a problem magically creates an overnight solution.

Brokinarrow · 04-07-2010, 12:52 PM

Quote:

Originally Posted by a_Username

Apparently some people believe that throwing money at a problem magically creates an overnight solution.

Right? There is no EASY button here people!

1bad65 · 04-07-2010, 12:53 PM

Quote:

Originally Posted by Brokinarrow

I'll judge them by how they do THIS year and the next couple years.

"However, the automaker says it still sees a chance of being profitable in 2010."

http://finance.yahoo.com/news/GM-pos...37574.html?x=0

Username is correct.

04-07-2010, 11:43 AM	#1
brAnd7onX Drives: 2012 1SS IOM Join Date: Oct 2009 Location: Hutto, TX Posts: 1,642	GM reports $4.3 billion loss through last 2 quarters of 2009 Here's the article with no mention of the camaro?... Is this legit?? http://news.yahoo.com/s/ap/20100407/...ge/us_earns_gm

04-07-2010, 11:52 AM	#4
The 2010 Sin Dont H8 Me Cuz U Aint Me Drives: 2016 SS Sedan, 2017 Explorer Sport Join Date: Feb 2010 Location: Tulsa, Oklahoma Posts: 2,910	they are also going to report a profit for the first time in a while by 2nd quarter this year. __________________

04-07-2010, 12:11 PM	#8
diddiyo Drives: . Join Date: Jun 2008 Location: . Posts: 3,048	GM Loses $4.3 Billion In 2nd Half Of 2009 good job! http://jalopnik.com/5511530/gm-puts-...d-half-of-2009

04-07-2010, 12:47 PM	#11
Brokinarrow Drives: 2012 Honda NC700x Join Date: Sep 2008 Location: Indianola, IA Posts: 5,317 View My Garage	I'll judge them by how they do THIS year and the next couple years. Of course they weren't going to make any money last year (duh?) __________________

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04-07-2010, 11:48 AM	#2
Sax1031 Drives: 2000 Mustang GT Join Date: Jul 2009 Location: Elgin,SC Posts: 2,707	I am sure it is legit. You have to remember the economy has sucked ass for awhile now. Especially in 2009.

04-07-2010, 11:51 AM	#3
Unfair Banned Drives: 2001 Camaro SS Join Date: Jun 2009 Location: Chicago, IL Posts: 754	It's a report on their financial status why would they mention a car? I'm reading I don't get it they owe 52 billion but promise to payback 6.7 billion? eh I was never good at economics.

04-07-2010, 11:54 AM	#5
brAnd7onX Drives: 2012 1SS IOM Join Date: Oct 2009 Location: Hutto, TX Posts: 1,642	I just don't understand how there is no mention of the Camaro. This car has saved GM's butt along with a few others. "Sales of some of its new crossovers, including the Chevrolet Traverse and Equinox and GMC Acadia and Terrain, have been particularly strong."

04-07-2010, 12:32 PM	#9
a_Username Drives: 2010 2SS Camaro Join Date: Jul 2009 Location: Murfreesboro, TN Posts: 3,890 View My Garage	I'm pretty sure no one here expected them to have a profitable fiscal year.