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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Please note your usage of the term "ever" in regards to purchasing an American automobile. 6 months ago, you claimed you would never rule out buying one. Well, you just did.

It's especially funny because your experience is based on buying the cheapest available GM model used and still having very little issues with it.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

General Motors' profit soars 89% in second quarter

General Motors reports its sixth consecutive profitable quarter, with earnings of $2.5 billion, or $1.54 a share. Total vehicle sales rose an estimated 17% in the first half of the year and GM has gained almost a full point of market share.

By Jerry Hirsch, Los Angeles Times

August 4, 2011, 7:33 a.m.
General Motors Co.'s profit almost doubled in the second quarter, helped by higher prices for cars and a gain in market share.

GM said it earned $2.5 billion, or $1.54 a share, an 89% gain over the $1.3 billion, or 85 cents, it earned in the same quarter a year earlier.

Also
Auto sales are sluggish in July but inch up slightly Revenue rises but losses widen at electric car company Tesla
Toyota cautious after quake drags first-quarter earnings to loss
It was the company's sixth consecutive profitable quarter.

Revenue in the three-month period ended June 30 rose almost 19% to $39.4 billion.

"GM's investments in fuel economy, design and quality are paying off around the world, as our global market-share growth and financial results bear out," said Dan Akerson, the automaker's chief executive.

Through the first half of this year, GM has sold more than 1.2 million vehicles, a 17% gain over the same period a year earlier, Edmunds.com estimated. That compares with an industry rate of about 11% year-to-date.

GM has gained almost a full point of market share so far this year, and now accounts for 20% of the U.S. auto market.

"We had a solid quarter, each region posted a profit. Our cash flow was positive," Akerson said.

Akerson credited the large profit in North American operations to "stronger sales of fuel-efficient vehicles across the portfolio."

"GM has had some undeniable success with its small car products in the U.S. Whether by luck or good strategy, the Chevy Cruze has become the second-highest selling compact car in 2011 despite being an all-new nameplate," said Jessica Caldwell, an analyst for Edmunds.com, the auto information company.

The automaker has been helped by experiencing only minor supply and disruption problems from the Japanese earthquake in March. Two of its biggest competitors, Toyota Motor Corp. and Honda Motor Corp., however, had to shut factories in Japan and reduce production at their U.S. plants because of the earthquake and tsunami. Production at those two automakers is only now approaching normal levels.

Still, "the outlook for GM remains positive for the rest of 2011, based on the expected overall recovery in new vehicles sales as well as the seasonality favoring GM's more profitable larger vehicles," said Jesse Toprak, an analyst at auto information company TrueCar.com.

Also on Thursday, GM said it would add a compact luxury sedan, code named ATS, to Cadillac's 2012 lineup. The car will compete with the BMW 3 series sedans and fill a gap in Cadillac's range of models.

In morning trading, GM shares fell 55 cents, or 2%, to $26.65.

Is tomorrow's labor report what is killing this share price?
If revenue reports were as good as they were I would have expected a buy in.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

The problem is that GM and all car companies struggle when the economy goes bad and it seems pretty popular to think that we are in near term trouble.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Aren't we?

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

Probably to some extent. The market has priced in a worse case scenario for tommorow. If the numbers are even slightly better than expected, were probably going way up tommorow.


GM is a tough one to guage. So much goes into that.

disclaimer: I work in commodities. Stock market stuff is just spillover info from working in "the markets" take my opinion with a bag of salt.

Probably but the stock market is based as much on fear as it is on reality and fear is winning.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Honestly if you ask me the market is way overpriced as it is. It basically doubled in value in just a few quarters after hitting a low... when was that sub 7000 close, sometime in early 09? That's too fast a rise, was based on the perception that the recession was over, which it most definately is not. Funny that the postitive growth numbers have been revised down to nearly flat growth over the timeframe that this market was blowing up again. that leads me to my theory that everything is overvalued right now. Which means that this IPO probably took place right smack dab in the middle of a "stock value bubble" that is bursting with the ongoing realization that things are staying the same or getting worse.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

Sounds like the Republican party.

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

Democrat party as well. I remember Obama saying that Old People won't be getting their SS checks and all that.
The "Shutdown" fear was exacerbated by both sides.
Everyone was guilty of fearmongering on that one.

_________________
"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

While I'm at it, the Tea Partiers also use fear to their advantage. It's pretty much the political norm today.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

I've never understood this complaint (or argument). I think people are generally afraid what will happen if bad policies are put into place, and politicians communicate those fears. So what? People are rightfully afraid of another serious terrorist attack, and rightfully afraid of a prolonged recession or depression, and rightfully afraid of all sorts of things. If I think someone else's policies will make those things more likely, then I should make that clear.

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Fire Phil Emery

It tanked immediately after you posted this.

Are you Warren Buffet?

Darko is closer to Jimmy Buffett.

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

I'm not close to either of them. They never return my pokes or texts.

_________________
"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

Pointing out flaws is one thing. manufacturing crisis is another.

_________________
"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

today?

it's always been the norm.

My opinon would be to find something other than car companies to invest in.

I'm sorry you want to be poor.

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You'd think with the weakening dollar that manufacturing will get a bump going into the 4th quarter this year.
Also, Ford has pretty decent numbers. Making money.

_________________
"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

All indicators are that auto is going to rise in the 3Q and 4Q. Might not be a bad idea.

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Then you should put a buy stop order in at 12 or 13 and buy it on the way up.

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"Play until it hurts, then play until it hurts to not play."
http://soundcloud.com/darkside124 HOF 2013, MM Champion 2014

I believe they are a lot less fucked than a few months ago. They still have the power plant to deal with, as well as a lot of non-arable land. But the factories outside the hit zone have been coming back.

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Middle Aged Crazy, like Uncle Terry

GM can take an AIDS-laden cum shot in it's face. GM fucked SAAB. I'll ride a bicycle before I drive anything GM. I hope the company fails spectacularly.

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fock this club. I should manayer.

Yeah, the def. fucked SAAB up. Of course nothing will ever compare to what Daimler-Benz did to Chrysler.

Thanks for your opinion.

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fock this club. I should manayer.

Purely because I am a fan of SAAB, and GM did their damnedest to ruin that manufacturer- not out of spite, just out of absolute ignorance. GM is what the United States government would be if it were a company- awful, and poorly managed.

That's really the only reasoning I have to back up my vile, after all, I'm currently driving and loving the hell out of a GM manufactured auto. Just selfish reasons.

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fock this club. I should manayer.

GM bought them to get a hold of the safety and turbo/small engine tech. They did actually have a fair amount of autonomy, their engines were unique as was their take on the Epsilon I platform. But there was little support inside GM for it, no one knew (As you said) what do with it, no-one knew what SAAB was and their proper place in the market. There was actually some decent sales success with the new 9-3 when it debuted using the Ep. I platform, but as usual GM let it rot on the vine. The 9-5 was the same car for 20 years before it received a proper update on the new Ep. II platform. Of course there was a lack of a small SUV as well as the death of the hatchback as well.

There was hope in the beginning but then it got shot to hell.