Quote:
Originally Posted by BigAls87Z28
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.
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Nearly 5 billion yearly loss, is a loss - semantics don't matter. What's worse is it has been going on since 2004. It's so sad that my savings account has made more profit last year than GM has in half a decade. There's no positive spin on this.
Q1 profit doesn't mean there will be yearly profit, they still have to to mess everything up.