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GM Earnings Disappoint
National Legal & Policy Center ^ | February 28, 2011 | Mark Modica

Posted on 02/28/2011 10:13:51 AM PST by jazusamo

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He didn't mention the Volt but if it continues to bomb GM is in big trouble.
1 posted on 02/28/2011 10:13:59 AM PST by jazusamo
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To: jazusamo

And BO’s IRS even forgave GM their 2010 taxes, to no avail. The UAW bonus winners probably aren’t paying any taxes either, because they are just so special.


2 posted on 02/28/2011 10:19:24 AM PST by kittymyrib
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To: jazusamo

If you missed the chance to short GM when it was private, it should be an even easier short now that the Gov’t owns it.


3 posted on 02/28/2011 10:19:52 AM PST by PGR88 (Quid Hoc Ad Aeternitatem?)
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To: jazusamo
FLOTUSMOBILE
4 posted on 02/28/2011 10:21:36 AM PST by FrankR (The Evil Are Powerless If The Good Are Unafraid! - R. Reagan)
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To: jazusamo

GM is also exempt from PAYING TAXES under their govt bailout plan.

And they still are doing poorly?

Looks like no one wants to buy a Government Motors Car.

I REFUSE to even look at one - even a USED one. I am now a Ford guy.


5 posted on 02/28/2011 10:21:46 AM PST by Mr. K (Job #1 is to DEFUND THE LEFT~!!!!)
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To: jazusamo
I'm picturing a "Downfall" clip, with Hitler looking at a map and dismissively waving his hand, "We can just bail them out. Bernanke says we have money."

And the Nazi officers start looking sideways at each other.

6 posted on 02/28/2011 10:23:25 AM PST by ClearCase_guy
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To: jazusamo

Major boycott against gm and chrysler, what do yhey expect


7 posted on 02/28/2011 10:23:53 AM PST by devistate one four ( AARP: Anti America Retired People Kimber CDP II .45 OORAH! TET68)
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To: jazusamo
General Motors reported less than stellar fourth quarter earnings last week

Imagine that, considering every American taxpayer bought a new GM car last year, albeit that most of 'em didn't actually get the car DELIVERED to 'em, they sill bought it.

How could GM not make a whopping profit?

8 posted on 02/28/2011 10:24:30 AM PST by Navy Patriot (Sarah and the Conservatives will rock your world.)
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To: jazusamo

Volt is the new Vega.


9 posted on 02/28/2011 10:26:51 AM PST by hadaclueonce ("Endeavor to persevere.")
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To: FrankR

LOL!


10 posted on 02/28/2011 10:27:12 AM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

Wait they can’t make money with NO OVERHEAD?? Insanity !


11 posted on 02/28/2011 10:28:00 AM PST by Cheetahcat ( November 4 2008 ,A date which will live in Infamy.)
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To: hadaclueonce

“Volt is the new Vega.”

Or Corvair too damn stupid to see how the Germans built a decent opposed motor.


12 posted on 02/28/2011 10:30:10 AM PST by Cheetahcat ( November 4 2008 ,A date which will live in Infamy.)
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To: jazusamo

unexpected??????


13 posted on 02/28/2011 10:33:53 AM PST by stefanbatory (Insert witty tagline here)
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To: jazusamo
The question I want to know is, if GM fails a second time will congress or Obama step in to save them?
14 posted on 02/28/2011 10:42:14 AM PST by 2001convSVT (That Beck guy was right about gold, too.)
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To: jazusamo

Bonuses?

I think the biggest Christmas bonus any member of my family ever had was $100.

Another reason why unions are the new class warfare - the union and government haves (enforced by government) vs the have nots.

As far as the volt goes, my son the mechanic says he would never buy one. He just gets way too many complaints about them. For instance, to replace the batteries is quite expensive.


15 posted on 02/28/2011 10:44:13 AM PST by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: jazusamo

Let’s see, they’ve had the Corvair, the Chevelle, the Chevette, the Citation, the Cavalier, the Cobalt and now the Cruze. Why don’t they give up on the name changes and just announce the model will be the Chevy POS for 2012?


16 posted on 02/28/2011 10:44:42 AM PST by DeFault User
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To: I still care

The Volt looks like it’s toast to me. I read that they only sold either 319 or 359 in January, can’t remember which.

That was with a $7500 government rebate, think of the prospects when the rebate stops.


17 posted on 02/28/2011 10:54:42 AM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
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To: jazusamo

14 Billion dollar tax credit on earnings and can’t use it.


18 posted on 02/28/2011 11:02:36 AM PST by scooby321
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To: jazusamo

New economy - pay the owners last. Screw the creditors. Power to the workers.

This will turn out well.


19 posted on 02/28/2011 11:48:43 AM PST by DManA
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To: jazusamo

“You don’t get me ‘cause I belong to the union! You don’t get me ‘cause I belong to the union! You don’t get me ‘cause I belong to the union! You don’t get me ‘cause I’m a u-nee-on man!” No...please...feel free to take as much money from me and my family as you like. Lord knows we don’t really need food or heat.


20 posted on 02/28/2011 11:52:10 AM PST by blueunicorn6 ("A crack shot and a good dancer.")
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