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See that Chevy Volt ? You didn't build that, someone else made that happen !
Someone in CHINA. maybe that's why they're causing fires in American garages?
Aren't the taxpayers still 40 billion screwed?
Try $42 BILLION
http://www.sigtarp.gov/Quarterly Reports/July_25_2012_Report_to_Congress.pdf
What? GM outsoursed American jobs to Eurpoe? No fucking way.
And to CHINA...
[ame="http://www.youtube.com/watch?v=Lvl5Gan69Wo"]General Motors is becoming China Motors - YouTube[/ame]
People need to hear this!
GM reported that it earned $1.5 billion, or 90 cents a share, compared with $2.5 billion, or $1.54, in the year-earlier period. Revenue slipped to $37.6 billion from $39.4 billion. A survey of analysts by FactSet Research produced consensus estimates for GM of 74 cents a share of profit on $38.42 billion of revenue. Results in North America, international and the GM Financial unit were "solid, but we clearly have more work to do to offset [headwinds,] especially in regions like Europe and South America," Chairman and Chief Executive Dan Akerson said in a statement.
The Story No One Tells About One Of America
"Most people simply don’t realize that the bailout of GM wasn’t a bailout of the company. It wasn’t a bailout of its shareholders, who lost everything… or its bondholders, who lost almost everything. Where did the money go? To the union. The United Auto Workers (UAW) ended up with all the money.
Let me show you how…
GM slid into bankruptcy primarily because it couldn’t profitably manufacture cars. (Yes, there were plenty of other issues, like too much debt, investments in subprime mortgages, etc. But the primary reason it couldn’t solve these other problems was that it hadn’t been making routine profits from manufacturing cars in about 20 years.) And the biggest single reason it couldn’t profitably make cars was because its labor costs had soared.
Well, guess what? At $56 per hour, GM still has the highest labor costs in the industry."
Tonight, the role of Bernie Madoff will be played by Barack Obama
GM profits slip 41% or you didn't get there on your own
General Motors' profits fell 41% in the second quarter as troubles in Europe undercut strong sales in North America.
Papa Obama takes full responsibility for that....
Obama: "If you've got a business, you didn't - YouTube
The sky is falling, Obama didn't help GM. Why not try some facts for a change. GM turned a nice profit and beat analyst's predictions.
GM 2nd-quarter net off 40%, revenue down 4.6% - MarketWatch
GM reported that it earned $1.5 billion, or 90 cents a share, compared with $2.5 billion, or $1.54, in the year-earlier period. Revenue slipped to $37.6 billion from $39.4 billion. A survey of analysts by FactSet Research produced consensus estimates for GM of 74 cents a share of profit on $38.42 billion of revenue. Results in North America, international and the GM Financial unit were "solid, but we clearly have more work to do to offset [headwinds,] especially in regions like Europe and South America," Chairman and Chief Executive Dan Akerson said in a statement.
The cratering of the subprime mortgage industry could present more than just a pothole for General Motors Corp.
The world's largest auto maker disclosed Thursday that it will need more time to file its 2006 annual report with the Securities and Exchange Commission, marking the second year in a row the company has postponed the key filing.
Many analysts attribute this year's delay to a substantial hit the Detroit-based automaker might take from the exposure its part-owned finance unit _ GMAC Financial Services _ has to the business of making mortgage loans to people with weak credit or heavy debt burdens.
GM profits slip 41% or you didn't get there on your own
General Motors' profits fell 41% in the second quarter as troubles in Europe undercut strong sales in North America.
Papa Obama takes full responsibility for that....
Obama: "If you've got a business, you didn't - YouTube
How long have you hated America and its businesses?
The sky is falling, Obama didn't help GM. Why not try some facts for a change. GM turned a nice profit and beat analyst's predictions.
GM 2nd-quarter net off 40%, revenue down 4.6% - MarketWatch
GM reported that it earned $1.5 billion, or 90 cents a share, compared with $2.5 billion, or $1.54, in the year-earlier period. Revenue slipped to $37.6 billion from $39.4 billion. A survey of analysts by FactSet Research produced consensus estimates for GM of 74 cents a share of profit on $38.42 billion of revenue. Results in North America, international and the GM Financial unit were "solid, but we clearly have more work to do to offset [headwinds,] especially in regions like Europe and South America," Chairman and Chief Executive Dan Akerson said in a statement.
And why do we the taxpayer have to subsidize each volt sale with a ten thousand fucking dollar incentice. Shut the fuck up DICK LIAR.
GM's losses were mainly in Europe but I'm sure you geniuses can find a way of blaming that on Obama too.
What? GM outsoursed American jobs to Eurpoe? No fucking way.
"Our results in North America were solid, but we clearly have more work to do to offset the headwinds we face, especially in regions like Europe and South America," said GM chairman and CEO Dan Akerson. "Despite the challenging environment, GM has now achieved 10 consecutive quarters of profitability, which is a milestone the company has not achieved in more than a decade."
Sweet. GM is alive; Osama bin Laden is dead.
GM's losses were mainly in Europe but I'm sure you geniuses can find a way of blaming that on Obama too.
What? GM outsoursed American jobs to Eurpoe? No fucking way.
And to CHINA...
[ame=http://www.youtube.com/watch?v=Lvl5Gan69Wo]General Motors is becoming China Motors - YouTube[/ame]
