GM losses for Feb are HUGE

[MsDoodahs]

and the share price goes UP.

That makes perfect sense.

 

[Epic]

Cause the government gets to give them more money

 

[MsDoodahs]

 

[Maximilian American]

On principle alone I would never invest in Government backed companies, its immoral and dangerous, for they must reap what they sow if we truly want to move on forward with sound policies, otherwise we all will reap stagnation and loss of liberty.

 

[not.your.average.joe]

So are they gonna start to force us to buy cars eventually?

 

[MsDoodahs]

General Motors = Government Motors?

 

[ihsv]

General Motors = Congressional Motors

Behold! The future of the auto industry!

http://www.youtube.com/watch?v=rAqPMJFaEdY

 

[ArchPaul]

the numbers...

"General Motors' sales tumbled 53 percent from a year earlier, while Ford's U.S. sales fell 48 percent. Toyota's sales fell 40 "

article...

 

[Aratus]

the numbers, yes. GM's tumble...

HUGE = british understatement

 

[Truth Warrior]

I heard on the news the other day that GM LOST an average of $3,700 per vehicle sold in 2008. That's pretty amazing, since the invoice price represents a 100% markup of a vehicle over the costs to produce it, in general. Then there's GMAC financing.

Is this a FUN world or what?