GM Email...Anyone else get this?

[FenwickHockey65]

Originally Posted by alrox

Nothing regarding GM's financials is good news. They lose money selling cars still. The business is still unprofitable.

You should notice how short all those 'feel good' articles are on details. They did not get this money from selling cars. If you knew the details you would realize the massive fraud that is Standard Operation Procedure of the US government and *everyone* that accepts money from them is a player in the fraud and deception.

The Camaro is raking in profit by the boatload, along with the GMT-900 trucks and SUVs, and every single new GM vehicle launch is selling at higher transaction prices than expected.

[OHIOSS]

Oops, sorry for the repeat guys. I looked for a similiar post but I guess I didn't look hard enough.

Moderator- please delete this post.

[Inferno2SS]

Yes, I received that email today.

[khabboub]

i didnt receive it. maybe they hate me.

[martin_2010]

yup received it today as well

[firsttime Camaro owner]

Yup, I got it too. And saw a commercial from GM on TV that said the same thing. Awesome! Congrats GM....

[obiwan66]

I received it today

[The_Blur]

Originally Posted by Unfair

They got 35 billion and paid back 8, I don't get how the loan is paid off? maybe my math is messed up lol 35 - 8 = 27?

Several of you have posted this same response multiple times in multiple threads.

I will, therefore, respond again. The US and Canadian governments have opted to, instead of receiving cash for their support, take a stake in the company. They believe that GM will be profitable and successful—so successful in fact that this stock will be more valuable than the interest rate on the loan that would have been offered. When sold, the government expects to get this money back.

[sprtplt]

Originally Posted by The_Blur

Several of you have posted this same response multiple times in multiple threads.

I will, therefore, respond again. The US and Canadian governments have opted to, instead of receiving cash for their support, take a stake in the company. They believe that GM will be profitable and successful—so successful in fact that this stock will be more valuable than the interest rate on the loan that would have been offered. When sold, the government expects to get this money back.

Utter nonsense. You conveniently omit the enormous unfunded liabilities from UAW retiree pension and health-care plans. You also ignore the market cap problem, investors will not blindly believe the press releases and purchase enough stock, at high enough prices to repay (us) the treasury.

[DGthe3]

Originally Posted by sprtplt

Utter nonsense. You conveniently omit the enormous unfunded liabilities from UAW retiree pension and health-care plans. You also ignore the market cap problem, investors will not blindly believe the press releases and purchase enough stock, at high enough prices to repay (us) the treasury.

Why would he include the stake VEBA has when the discussion is about paying back the government? The UAW isn't a government entity and neither is their VEBA healthcare fund.

As for the investors, if I remember correctly, the stock will be sold off in stages. So it will be traded openly for a time, allowing its value to fluctuate according to the mysterious ways of the stock market, before more is sold off. I could be wrong on that though. Besides, if investors can manage to inflate the value of MLC (useless, old GM) then there is no telling what they can do to a company with an actual positive cash flow.

[2SSmeCamaro]

just got it a couple of minutes ago! sweeeet!

[SSGirl]

I got one too, today!

[Coldpants]

Saab did well when owned by a government, so did VW. So I don't get the Government Motors complaints.

["prima"Donna]

I got the email too!!!...

It's very good news!!!...

I'm sure the Camaro sales were a HUGE part of it!!!...