GM pays back US & Canadian loans way early

[cHaotix]

Ya'll gettin' trolled hard.

[truth411]

Originally Posted by Sax1031

I hope to god Ford has more debt than GM.

Ummm... why?

[Sax1031]

Originally Posted by truth411

Ummm... why?

Because it would be sad if GM, not long after coming out of bankruptcy, had as much debt as Ford.

Ford has been making stride in paying down debt and they need to keep up with what they have been doing. They still have a considerable amount of debt though.

[Hylton]

Originally Posted by 8cd03gro

http://www.freep.com/article/2010041...her-than-Fords

Read the ifs.

Not sure what that guy was smoking but trading activity on another companies bonds has no bearing on GM's value.

[DGthe3]

Originally Posted by Hylton

Not sure what that guy was smoking but trading activity on another companies bonds has no bearing on GM's value.

You're right on that, but the real value of MLC (not the inflated, convoluted trading values) does impact the total payback to our governments. Though I'm not sure if thats what he was trying to get at or not.

[Hylton]

Originally Posted by DGthe3

You're right on that, but the real value of MLC (not the inflated, convoluted trading values) does impact the total payback to our governments. Though I'm not sure if thats what he was trying to get at or not.

True that!

[Brokinarrow]

Originally Posted by 8cd03gro

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.



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.

:troll:

[HeatherR]

Originally Posted by Brokinarrow

:troll:

I just find it very sad that this troll is from MI....Anyone who lives there should be rooting for GM (and Ford). Failure will impact an area that is struggling so much all ready. That entire region of the country needs GM to pay back the government and to thrive.

[comiskeybum]

Originally Posted by Sax1031

I hope to god Ford has more debt than GM.

they dont

[comiskeybum]

my company, walgreens, hasnt had any debt since the early 90's, they currently have no loans to pay. now thats good business

[Brokinarrow]

Originally Posted by comiskeybum

they dont

source? Just wondering, as Ford took out loans against nearly EVERYthing they owned to give themselves a nice cash cushion (which ultimately saved them from the same fate as GM and Chrysler). Not flaming you or anything here, just would like to see your numbers if you have them

[Brokinarrow]

Originally Posted by comiskeybum

my company, walgreens, hasnt had any debt since the early 90's, they currently have no loans to pay. now thats good business

[Sax1031]

Last I heard Ford had nearly 2x the debt that GM does.

[syr74]

Originally Posted by Dragoneye

They've already made two payments.

Worth mentioning, at least one of those payments was made possible by funds given to them in the bailout. The other, I haven't looked into it and since GM doesn't have to tell us where it came from I might not be able to find out if I did.

There is absolutely no way to know whether GM is profitable right now because they aren't publicly traded and, as such, don't have to report very much publicly. The notion that they are profitable because they are moving sheet-metal isn't a very good indicator either since GM was losing money at an alarming rate for years pre-bankruptcy despite being a huge corporation in terms of volume.

My take, if GM's financial situation was as rosy as some here suggest GM would almost certainly be more forthcoming with that information since the same would represent good press for obvious reasons.