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Re: General Motors..Brutal Reports out .. last week
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CarGuru > Nascar > Re: General Motors..Brutal Reports out .. last week 22 April 2005 20:30:25
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Re: General Motors..Brutal Reports out .. last week

Doug Main 21 April 2005 18:38:32
 As near as we can tell, it was on 4/20/2005 7:43 PM when didiwinyet
transmitted as follows:
The comapany lost a ton ... Over a Billion with a B dollars. However> the small amount spend in Nascar should be safe enough.>

I bet most of that was due to the much criticized deal with Fiat.
Speaking of GM, I also saw that of last year's profit of 3.7 Billion,
just 1/3 came from the sale of cars, while nearly 2/3 came from
financing the sales of those cars.
--
Doug Main
"Hard work never killed anyone. But why take the chance?"
-Roy, metal worker, American Hotrod.
Add comment
Moonshine 21 April 2005 19:14:15 [ permanent link ]
 the numbers lie.

EVERYTIME a corporation loses money they report it in millions or billions
of dollars.

BUT when they turn a profit it is reported in cents (or dollars) per share.

Think I'm wrong, look at the last 10 years earnings of oil companies.

one quarter they will post a loss of a billion, next a gain of 49 cents a
share which doubles there previous quarter loss or more.

just another way big companies keep the ignorant masses in the dark.

"Doug Main" <dougmain@snipthiss­haw.ca> wrote in message
news:IVO9e.1094324$­6l.320182@pd7tw2no..­.> As near as we can tell, it was on 4/20/2005 7:43 PM when didiwinyet> transmitted as follows:>
The comapany lost a ton ... Over a Billion with a B dollars. However> > the small amount spend in Nascar should be safe enough.> >
I bet most of that was due to the much criticized deal with Fiat.> Speaking of GM, I also saw that of last year's profit of 3.7 Billion,> just 1/3 came from the sale of cars, while nearly 2/3 came from> financing the sales of those cars.> -- > Doug Main> "Hard work never killed anyone. But why take the chance?"> -Roy, metal worker, American Hotrod.


Add comment
Carey Akin 21 April 2005 19:39:36 [ permanent link ]
 
"Moonshine" <moonshine@yahoo.co­m> wrote in message
news:IrP9e.10717$V0­2.8319@fe08.lga...> the numbers lie.>
EVERYTIME a corporation loses money they report it in millions or billions> of dollars.>
BUT when they turn a profit it is reported in cents (or dollars) per
share.>
Think I'm wrong, look at the last 10 years earnings of oil companies.>
one quarter they will post a loss of a billion, next a gain of 49 cents a> share which doubles there previous quarter loss or more.>
just another way big companies keep the ignorant masses in the dark.>
Big companies are really the share holders, like you and I. The ignorant
masses are those that do not understand corporate America. And don't look
to the corporations when stating how a profit or loss is reported. Look to
the news source. That said, I have seen profits reported in
billions/millions of dollars. Don't kid yourself. It is much the same as
when an oil spill is reported. The standard measurement in the oil business
is either barrel (42 gallons) or by weight in metric tons. I love it when I
hear talk of a spill in gallons. I am surprised that they don't report it
in ounces or tea spoons.

That said, the recent report of a loss by GM, if it has any effect on NASCAR
at all, would be the elimination of Pontiac, but I believe that they don't
provide factory support for them anyway. Since I don't pay too much
attention to it, are there any teams left running Pontiac bodies, or have
the common templates killed it off. From what I have read, GM is assessing
its continuation of Buick and Pontiac. My guess is that Buick is history,
much like Oldsmobile has been eliminated.

Carey in Manvel


Add comment
Jbob 21 April 2005 20:44:08 [ permanent link ]
 Hell even the term LOSS is a play on words. It's not like they checked
their account and said "Hey we're missing a Billion dollars!" It's lack of
earnings they are talking about. It just happens that they had a net loss
instead of a net gain. Hey if you pay out more than you take in, seems the
marketing department or somebody else didn't do such a good job. Kinda like
Uncle Sam works, more going out than coming in equals deficit. Instead of
calling these things LOSSES they should be called what they are "DEFICITS!"
Oh but then the pundits on either side wouldn't have anything to point
fingers at.


Add comment
Cowboy 22 April 2005 20:30:25 [ permanent link ]
 
So how long will GM continue producing shitty cars?>


Until Toyota or Honda or Subaru buys them, then they will make reliable
cars.


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CarGuru > Nascar > Re: General Motors..Brutal Reports out .. last week 22 April 2005 20:30:25
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