GM’s Debt Rises as Earnings Disappoint; Warns on First Quarter

NLPC ^ | February 6, 2014 | Mark Modica

[jazusamo]

Working link:

http://nlpc.org/stories/2014/02/06/gm%E2%80%99s-debt-rises-earnings-disappoint

[Old Retired Army Guy]

If GM wants to make it, they need to shake the UAW and move all production to non-union plants.

[CMailBag]

JUST SAY NO-——————————————to ANOTHER bailout.

[bfh333]

It’s much, much worse than it appears...

Ever notice how many of Holder’s people are driving nice, new GM muscle cars? Look around... and then look at this...

http://freebeacon.com/grand-theft-auto-loans/

[jazusamo]

Agreed...Sadly if it happens before 0bammie is gone I believe he’ll bail them out again.

[Naplm]

How much of the bailout do they still owe the taxpayers? I also don’t know anyone in my immediate family that will ever buy another GM product.

[Zuben Elgenubi]

NOPe to GM

NOPe to GOPe

And I'm sticking with it.

[fhayek]

GM was touted during the re-election campaign as one of his biggest successes. They screwed the bondholders. They screwed the shareholders. The screwed the General Motors management. They screwed the creditors. They screwed the dealers. They screwed the taxpayers. The only group they did not screw was the unions. Unfortunately, the unions were the heart of the problem to begin with. So guess what? They are heading down the same road that got them into the financial problems in the first place.

[Paine in the Neck]

If GM wants to make it, they need to shake the UAW and move all production to non-union plants.

As long as GM is GM nothing will save them. The stink of fail and the curse of Obama are upon them.

[unixfox]

Just ask Obozo for more money, what’s the big deal?

[jazusamo]

I believe they admitted taxpayers were stiffed for $11 billion but in reality it was much more.

[jazusamo]

Good post, you nailed it.

[jazusamo]

Please bump the Freepathon or click above and donate or become a monthly donor!

[HonorInPa]

Won’t happen - GM’s majority owner is the UAW.

[Red Badger]

BIN LADEN IS DEAD AND GM IS...............WELL,.................DYING..............

[FAA]

Ditto. I will never own another myself no matter what they price or discount them at.

Good riddance.

Mom. Apple pie. Chevro-......er, I mean Ford.

[RckyRaCoCo]

Could be trouble down the road???

(BTW, I filed a case # myself...after I had sudden loss of brakes when rusted out brake lines blew out)

Some more info...

[nascarnation]

I calculate it as 10.07%

140,000,000 uaw owned shares / 1.39b shares outstanding

[John W]

Nailed it.