GM Still Losing Money in Europe

[Sol Rosenberg]

Government Motors Floundering in Europe

 

[Death Roll]

A modification on an old joke:

How do you make $1.3 Billion in the automotive industry?

Start with a $52 Billion bailout.

 

[Bull Gator]

A modification on an old joke:

How do you make $1.3 Billion in the automotive industry?

Start with a $52 Billion bailout.

The goverment is poised to make a healthy return on it's bailout.

 

[One of Five]

but they're doing better overall. I'd say this bailout was a success. The IPO should help get the government out of it.

 

[frank james]

but they're doing better overall. I'd say this bailout was a success. The IPO should help get the government out of it.

What about all the people holding the old gm stock? How did they make out ?

 

[flaps15]

I think anyone would be foolish to buy into any IPO on a company whose newest "future of the company landmark" product is real-world untested, critically underrated, overpriced and not even yet available. Oh and don't forget ugly. Pig in a poke if you ask me.

A sign of strength, yet still no new jobs.

 

[One of Five]

but they're doing better overall. I'd say this bailout was a success. The IPO should help get the government out of it.

What about all the people holding the old gm stock? How did they make out ?

Not so good Frank. I'm hoping your mom and dad weren't part of that.

 

[Saorsa]

but they're doing better overall. I'd say this bailout was a success. The IPO should help get the government out of it.

You need to look closely at what doing better means for the taxpayer. For example, one of their revenue items was the sale of a closed factory. Where did the money come from? A government loan/grant to an 'emerging' company who plan on building an alternative fuel vehicle. There's a lot of money getting shuffled around to make those books look good for the IPO.

 

[One of Five]

I'm sure there's a great deal of creative accounting going on. No different from any major corporation. The cash position is impressive given their problems. I'd say the worst is over for them.

Its interesting to note that a LOT of IPO's are coming out.

Its my belief that the business people think we've seen the peak of the equities market.

 

[Saorsa]

I'm sure there's a great deal of creative accounting going on. No different from any major corporation. The cash position is impressive given their problems. I'd say the worst is over for them.

Its interesting to note that a LOT of IPO's are coming out.

Its my belief that the business people think we've seen the peak of the equities market.

Maybe, maybe not. IPOs may mean VCs trying to get their money out. WIth lowered sales, companies may need money for operations. Consumer confidence and spending doesn't seem high. Credit card debt has been falling for more than a year and a half.

I sure as hell wouldn't want to invest in a company that defaulted on it's bonds a year or so ago.

 

[Laker]

It was the German government that did not allow it to be sold to Magna. Don't blame GM too harshly.

 

[One of Five]

I'm sure there's a great deal of creative accounting going on. No different from any major corporation. The cash position is impressive given their problems. I'd say the worst is over for them.

Its interesting to note that a LOT of IPO's are coming out.

Its my belief that the business people think we've seen the peak of the equities market.

Maybe, maybe not. IPOs may mean VCs trying to get their money out. WIth lowered sales, companies may need money for operations. Consumer confidence and spending doesn't seem high. Credit card debt has been falling for more than a year and a half.

I sure as hell wouldn't want to invest in a company that defaulted on it's bonds a year or so ago.

OK so don't. Lots of people are thinking about it now.

 

[Saorsa]

I'm sure there's a great deal of creative accounting going on. No different from any major corporation. The cash position is impressive given their problems. I'd say the worst is over for them.

Its interesting to note that a LOT of IPO's are coming out.

Its my belief that the business people think we've seen the peak of the equities market.

Maybe, maybe not. IPOs may mean VCs trying to get their money out. WIth lowered sales, companies may need money for operations. Consumer confidence and spending doesn't seem high. Credit card debt has been falling for more than a year and a half.

I sure as hell wouldn't want to invest in a company that defaulted on it's bonds a year or so ago.

OK so don't. Lots of people are thinking about it now.

As a taxpayer, doesn't the thought of dilution bother you?

 

[One of Five]

As a taxpayer, doesn't the thought of dilution bother you?

right behind the though of losing all of it. How'z that?

 

[Dog]

Another thing in GM's favor is that the government is going to pay people to buy their new car.

 

[Saorsa]

As a taxpayer, doesn't the thought of dilution bother you?

right behind the though of losing all of it. How'z that?

Well, that happened to the bondholders last year. Bondholders and preferred stockholders were supposedly in a better position to make claims on assets than stockholders. Sure didn't work out that way but, I guess it's OK for folks with short spans of attention or memory loss.

We've been through the dot.com bubble. Let the dot.gov bubble begin.

 

[One of Five]

at this moment, I wouldn't be buying any equities. At all.

 

[Dawg]

Another thing in GM's favor is that the government is going to pay people to buy their new car.

I wish the government would pay me to finish paying for my GM Van...................it's even wheelchair accessible

If I were in another country a GM car would be the last thing I would buy, knowing is shaky future.............I mean the US government is about to go belly up and that would me GM is gone too.