GM Expects Biggest Profit In 6 Years

Blackbean · 08-10-2010, 08:52 PM

This is from today's Wall Street Journal.
http://online.wsj.com/article/SB1000...NewsCollection

*Mr. Wyndham* · 08-10-2010, 08:55 PM

Yep...it's supposed to be a pretty big deal. They've even put a media advisory out on the announcement they'll make Thursday.

Should be some good stuff!!

a_Username · 08-10-2010, 09:00 PM

I wonder if its going to be more than Ford's and Toyota's profit. I'd personally have a big "SUCK IT MULALLY" banner if I were Whitacre.

*Mr. Wyndham* · 08-10-2010, 09:04 PM

Quote:

Originally Posted by a_Username

I wonder if its going to be more than Ford's and Toyota's profit. I'd personally have a big "SUCK IT MULALLY" banner if I were Whitacre.

After this:
Name: large_gm100webpix[1].jpg
Views: 507
Size: 24.7 KB

I can't hate on Ford, like that.

I don't know how MUCH it's going to be...but I think steady, reliable profit is more important at this point. In terms of operational costs...GM is in a much better position than many of its competitors -- I hope they use that to their advantage!

a_Username · 08-10-2010, 09:05 PM

Quote:

Originally Posted by Dragoneye

After this:
Attachment 153356
I can't hate on Ford, like that.

I don't know how MUCH it's going to be...but I think steady, reliable profit is more important at this point. In terms of operational costs...GM is in a much better position than many of its competitors -- I hope they use that to their advantage!

Nah dude, it's just some friendly competition.

Blackbean · 08-10-2010, 09:10 PM

The article said it could be $1 billion,which is good news because when GM stock becomes available again soon, this will give the company a big infusion of capital.

FenwickHockey65 · 08-10-2010, 09:18 PM

Quote:

Originally Posted by Dragoneye

After this:
Attachment 153356
I can't hate on Ford, like that.

I don't know how MUCH it's going to be...but I think steady, reliable profit is more important at this point. In terms of operational costs...GM is in a much better position than many of its competitors -- I hope they use that to their advantage!

Same. That was one hell of a class act from Ford.

Besides...it's better to have both GM and Ford kill off the imports...then we can all go back to hating each other.

a_Username · 08-10-2010, 09:36 PM

Quote:

Originally Posted by Blackbean

The article said it could be $1 billion,which is good news because when GM stock becomes available again soon, this will give the company a big infusion of capital.

It's gotta be more than $2.6B to beat Ford and $2.2B to beat Toyota. I'd be happy with just beating Toyota.

08-10-2010, 08:52 PM	#1
Blackbean Drives: 2018 1SS 1LE Join Date: Feb 2010 Location: San Antonio, Fl Posts: 168	GM Expects Biggest Profit In 6 Years This is from today's Wall Street Journal. http://online.wsj.com/article/SB1000...NewsCollection

08-10-2010, 08:55 PM	#2
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,873 View My Garage	Yep...it's supposed to be a pretty big deal. They've even put a media advisory out on the announcement they'll make Thursday. Should be some good stuff!! __________________ *"Keep the faith."* - Fbodfather

08-10-2010, 09:10 PM	#6
Blackbean Drives: 2018 1SS 1LE Join Date: Feb 2010 Location: San Antonio, Fl Posts: 168	The article said it could be $1 billion,which is good news because when GM stock becomes available again soon, this will give the company a big infusion of capital. Last edited by Blackbean; 08-10-2010 at 09:32 PM.

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08-10-2010, 09:00 PM	#3
a_Username Drives: 2010 2SS Camaro Join Date: Jul 2009 Location: Murfreesboro, TN Posts: 3,890 View My Garage	I wonder if its going to be more than Ford's and Toyota's profit. I'd personally have a big "SUCK IT MULALLY" banner if I were Whitacre.