IHADAV8.com - Turbo Buick Tech, and Nonsense

General => IHADAV8 Playground => Topic started by: SuperSix on February 16 2012, 10:22:26 AM

Title: GM records its highest profit ever: $7.6 billion
Post by: SuperSix on February 16 2012, 10:22:26 AM

http://news.yahoo.com/gm-records-highest-profit-ever-7-6-billion-123523501.html (http://news.yahoo.com/gm-records-highest-profit-ever-7-6-billion-123523501.html)

They owe the US 30 BILLION - how can they be "profitable" owing that much?

"We" own 26/7% - could they sell all of that stock at once?

Quote

GM said 47,500 blue-collar workers in the U.S. will get $7,000 profit-sharing checks in March. The checks are based on North American performance and are a record for the company.

Where's my bonus?

Overall, I am pissed about ANY government bailout. Of course, I don't wish that X amount of auto workers are out of work - but why is it the gubment's JOB to bail out poorly run companies/

If you run a company into the ground - tough shit.

Title: Re: GM records its highest profit ever: $7.6 billion
Post by: daveismissing on February 16 2012, 10:46:01 AM

Look at the different spin to the story:
http://news.yahoo.com/gm-reports-weaker-expected-profit-125058441.html (http://news.yahoo.com/gm-reports-weaker-expected-profit-125058441.html)

Title: Re: GM records its highest profit ever: $7.6 billion
Post by: Grumpy on February 17 2012, 03:59:00 PM

unbelievable !!!! $7k bonus to boot.  :013: