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Old 04-23-2010, 11:21 PM   #41
BigAls87Z28
 
Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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GM will post its Q1 profits early May.
The Q4 loss was due to a one time tax charge. Only part of GM that isnt making money is GM Europe because they are rolling out tons of new product.
Like I said before, Jan 1st, 2010 the VEBA contract that GM signed with the UAW in late 2007 was going to put GM into the black as planned back in 2007, using those figures.

If anything, its a symantics issue. They either paid back or gave back the TARP funds as in they no longer need government loans to keep them afloat.
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