I find this hard to believe. 0bama is cooking the books again. It is an election year. I don’t believe anything connected with the big “0” administration.
chevy sells very well in Asia and Europe, Buick is very popular in China.
The volt is an expensive flop (even with Guvmt help). I've heard their truck sales are down and Camaro sales are huge. I've heard their UAW constituents are increasingly frustrated with the lack of representation and concessions (now that they own the joint).
It seems there is conflicting info and I would like to see a report on how they are now a healthy entity. I know they've cut costs by shutting down a good number of factories in the US. They've opened some in other nations.
I don't trust this news. I would not be surprised to learn that some numbers were cooked to be able to give positive reports and boost stock value. I just don't see where their auto sales can provide enough profit (forget revenue) to repay the govmt billions and still show billions in profit.
I will never buy a car built by Government Motors. Ever.
I see this paper glosses over some very important info that makes this very weak for GM.
-Toyota was off line because of a natural disaster.
-GM got massive fleet orders that normally would not happen unless the govt’ was pushing them, i.e.; Volts to GE and federal agencies.
Let’s see what happens when things normalize. GM is not selling any of their magic Volts in the US. A majority of sales were trucks and SUV’s. They don’t have any new ideas anyone wants.
This is a “cooked book” statistic .Ford and foreign producers Honda, VW etc responding to this stat are listing only their American production stats not world wide. VW claims it is the worlds largest vehicular cars & trucks producer. I believe Ford is the biggest US producer..
So maybe they can start paying taxes like the rest of us.
Pray for America
Never believe socialists and their union thugs.
Thanks to China. Wonder how the UAW is doing in China?
I will buy a used Yugo before a GM car.
Let me see not having to pay share holders their money getting interest free money from the tax payers and paying minimal amount back on the principal of a loan and being able to claim a profit “REAL ROCKET SCIENCE”.
NEVER in my lifetime will I again buy a GM vehicle. Obama, the UAW and GM can choke on their products.
The Chinese people gratefully say “Xie xie!” to their friends the American taxpayers for helping to lower the price of GM cars in China!
I will never buy a car built by Government Motors. Ever.