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Is it true that GM is going broke? If so, does anyone know what went wrong? (Original Post) secondwind Aug 2012 OP
What's your source? Scootaloo Aug 2012 #1
Not that I'm aware of cleduc Aug 2012 #2
Gee $1.5 billion profit in one quarter doesn't look broke to me n/t doc03 Aug 2012 #6
The only way to fight The POTUS against his auto bailout is chelsea0011 Aug 2012 #3
There's a Forbes Op/Ed on it but that's all I've seen OnlinePoker Aug 2012 #4
They should start by getting someone under 80 to work on 2pooped2pop Aug 2012 #7
GM broke, and Politicalboi Aug 2012 #5
Yes, it is the Forbes piece that prompted my question. The nutjobs are salivating over this secondwind Aug 2012 #8
Somebody should tell Wall Street. They seemed to have missed that. BlueStreak Aug 2012 #9
Another head fake Wellstone ruled Aug 2012 #10
google "channel stuffing" n/t Po_d Mainiac Aug 2012 #11
That articlel was written by someone with an agenda. Ikonoklast Aug 2012 #12
No. elleng Aug 2012 #13

chelsea0011

(10,115 posts)
3. The only way to fight The POTUS against his auto bailout is
Thu Aug 16, 2012, 03:38 PM
Aug 2012

to fly the idea that GM is on the verge of total collapse. They can float this idea for a couple of months and get all the mileage they need.

OnlinePoker

(5,702 posts)
4. There's a Forbes Op/Ed on it but that's all I've seen
Thu Aug 16, 2012, 03:39 PM
Aug 2012

General Motors Is Headed For Bankruptcy -- Again

President Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market...

http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/

 

Politicalboi

(15,189 posts)
5. GM broke, and
Thu Aug 16, 2012, 03:41 PM
Aug 2012

Osama bin Laden ALIVE!. It's probably the next trick of many the Repukes have in store for us. August 16th 1977 Elvis died, and now 35 years later he seen with Osama bin Laden and Dick Cheney is an undisclosed location.

I could get shot but, the undisclosed location is the old shut down Van Nuys GM plant in Ca.

 

BlueStreak

(8,377 posts)
9. Somebody should tell Wall Street. They seemed to have missed that.
Thu Aug 16, 2012, 04:32 PM
Aug 2012

GM stock has been steady at about $20 for 3 months, and today it went UP by 6%. That seems like a strange thing to happen to the stock of a company going belly up.

 

Wellstone ruled

(34,661 posts)
10. Another head fake
Thu Aug 16, 2012, 05:21 PM
Aug 2012

from Frobes,whom hated the GM bailout. GM has a day or reckoning coming some time next year when Treasury decides to sell their shares into the market. Remember,Timmy the fake is done by New Years,the new person will have a new mandate. Same goes for the Holder,he's back to Coving-Burling,watch out big banks.

Ikonoklast

(23,973 posts)
12. That articlel was written by someone with an agenda.
Fri Aug 17, 2012, 02:54 PM
Aug 2012

He totally ignores the market GM has in China; the U.S. market is secondary to sales of GM in China now.

And he flouts Volkswagen, who are having quality control problems that are keeping people from buying that all important NEXT car...and it won't be another Volkswagen, no matter what Car and Driver says.

Hell, Car and Driver was still gaga over Toyota years after their quality peaked, and they, too, were suffering some rather large quality control issues.

Car and Driver's opinion on anything is a lagging indicator, at best.

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