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Nitewolf Champion Author Anchorage Posts:16,799 Points:2,131,395 Joined:Jun 2004	Message Posted: Nov 18, 2012 1:03:39 PM Ignore Nitewolf Report Abuse By TOM KRISHER — AP Auto Writer DETROIT — Two years after a wounded General Motors returned to the stock market, the symbol of American industrial might is thriving again. Sunday marks the anniversary of GM's initial public stock offering in November 2010. The company has made money for 11 straight quarters, piling up more than $16 billion in profits. Its cars and trucks are selling for good prices. And sales are strong in China. But there are signs of trouble. GM's U.S. sales, the prime driver of its profits, aren't rising as quickly as the overall market. There's been turmoil in the executive ranks, and the company is hemorrhaging cash in Europe. Since the IPO, here are GM's achievements, struggles and question marks. ACHIEVEMENTS: BIG PROFITS: GM is making money - nearly $4 Visit Anchorage Daily News for full article

Nitewolf

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Message Posted: Nov 18, 2012 1:03:39 PM

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By TOM KRISHER — AP Auto Writer

DETROIT — Two years after a wounded General Motors returned to the stock market, the symbol of American industrial might is thriving again.

Sunday marks the anniversary of GM's initial public stock offering in November 2010. The company has made money for 11 straight quarters, piling up more than $16 billion in profits. Its cars and trucks are selling for good prices. And sales are strong in China.

But there are signs of trouble. GM's U.S. sales, the prime driver of its profits, aren't rising as quickly as the overall market. There's been turmoil in the executive ranks, and the company is hemorrhaging cash in Europe.

Since the IPO, here are GM's achievements, struggles and question marks.

ACHIEVEMENTS:

BIG PROFITS: GM is making money - nearly $4
Visit Anchorage Daily News for full article

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DrCashFlow Champion Author Massachusetts Posts:7,196 Points:1,652,875 Joined:Jun 2008	Message Posted: Nov 20, 2012 4:57:27 AM Ignore DrCashFlow Report Abuse gm should move hq to china
RonElp All-Star Author El Paso Posts:763 Points:109,620 Joined:Aug 2012	Message Posted: Nov 20, 2012 4:48:43 AM Ignore RonElp Report Abuse Pay off some debt and save the interest.
bston Champion Author Oklahoma City Posts:1,945 Points:668,040 Joined:Mar 2011	Message Posted: Nov 19, 2012 10:46:01 PM Ignore bston Report Abuse It won't work, just like before.
StArrow68 Champion Author Oakland Posts:3,392 Points:1,386,690 Joined:Apr 2003	Message Posted: Nov 19, 2012 12:38:53 PM Ignore StArrow68 Report Abuse What is surprising is that the Liabilities went down as little as they did after a limited bankruptcy. Other Current Liabs only dropped from 28B to 20B and LT Liabs from about 10B to 7B, they still have plenty of hangover from the Union left to pay in the future. As long as they don't fund those that cash is already spoken for, until they go back to the well again.
doctorindyj Champion Author Santa Fe Posts:3,533 Points:863,335 Joined:Nov 2009	Message Posted: Nov 19, 2012 12:15:17 PM Ignore doctorindyj Report Abuse So in other words stockpiling cash but won't pay back the taxpayers because things could be bad shortly.
Shaduu Veteran Author Twin Cities Posts:331 Points:86,720 Joined:Apr 2005	Message Posted: Nov 19, 2012 11:55:29 AM Ignore Shaduu Report Abuse I dont see anybody crying that Obummer owes the Goverment 6 trillion or is it 7. some Morons still voted for him anyway. GM paid the government with shares its over sheesh.
Norm10 Champion Author British Columbia Posts:3,396 Points:165,955 Joined:Dec 2010	Message Posted: Nov 19, 2012 10:44:19 AM Ignore Norm10 Report Abuse Don't worry - GM will still find ways to squander this and beg for more tax payer money!
Van_Halen Champion Author Atlanta Posts:2,959 Points:666,295 Joined:Apr 2011	Message Posted: Nov 19, 2012 9:38:53 AM Ignore Van_Halen Report Abuse . They should have gone into bankruptcy because the Bail Out was illegal! And speaking of the bailout, if a business can't make it after being given BILLIONS of free dollars and not required to pay ANY taxes for the next 10 years, they should have been liquidated!
GDAE Champion Author Wichita Posts:1,280 Points:246,650 Joined:Oct 2012	Message Posted: Nov 19, 2012 9:02:59 AM Ignore GDAE Report Abuse "Good...then start buying back the stock at $53/share so the taxpayers can get their money back." Yup!
derKraut Champion Author Ontario Posts:2,114 Points:1,248,905 Joined:Dec 2008	Message Posted: Nov 19, 2012 8:56:13 AM Ignore derKraut Report Abuse The Canadian taxpayer would like some debt relief so pay off your debt to us too GM. [Edited by: derKraut at 11/19/2012 8:56:43 AM EST]
Dennis783 Champion Author Des Moines Posts:13,725 Points:2,728,885 Joined:Sep 2005	Message Posted: Nov 19, 2012 8:38:01 AM Ignore Dennis783 Report Abuse pay off their government loans first
altonb1 Champion Author Pennsylvania Posts:9,467 Points:1,548,045 Joined:Jul 2005	Message Posted: Nov 19, 2012 7:36:44 AM Ignore altonb1 Report Abuse Good...then start buying back the stock at $53/share so the taxpayers can get their money back.
alex395 Champion Author Louisville Posts:2,082 Points:280,255 Joined:Jan 2007	Message Posted: Nov 19, 2012 7:31:49 AM Ignore alex395 Report Abuse Absolutely no Government Motors cars or trucks, ever. Keep um and paste UAW decals all over to make yourself happy.
blupupher Champion Author Houston Posts:3,685 Points:773,795 Joined:Feb 2011	Message Posted: Nov 19, 2012 7:24:39 AM Ignore blupupher Report Abuse so are they going to completly pay back their debt to the govt?
BoerneWatch Champion Author San Antonio Posts:15,681 Points:2,479,915 Joined:Oct 2005	Message Posted: Nov 19, 2012 7:13:06 AM Ignore BoerneWatch Report Abuse The author seems puzzled as to why the stock is down while GM is "piling" up cash. Question: "Why does Wall Street not like GM?" Answer: They know GM is not stable. GM is making money in China. Period. But, their company is a small scale version of what is wrong with European countries and our own. Union obligations will slowly eat up that extra cash faster than it can come in. China profits will shrink as their economy matures. GM needed to go through bankruptcy and they probably will in the future which makes their stock worthless.
Sneakers55 Champion Author Houston Posts:51,826 Points:2,167,510 Joined:Nov 2005	Message Posted: Nov 19, 2012 7:00:51 AM Ignore Sneakers55 Report Abuse On Nov 18, 2012 7:30:10 PM, YumaFellow wrote: >Leadership has always seemed to be a problem at GM; it appears that it >remains to be seen if the current leadership is up to the task. Government Motors can't even get a car guy to run the company. They have a telephone guy running the company. And not even a telephone guy from a good company like AT&T or Verizon. They had to take one from bankrupt and fraud-ridden MCI. [Edited by: Sneakers55 at 11/19/2012 7:03:05 AM EST]
Sneakers55 Champion Author Houston Posts:51,826 Points:2,167,510 Joined:Nov 2005	Message Posted: Nov 19, 2012 6:54:06 AM Ignore Sneakers55 Report Abuse On Nov 19, 2012 5:25:34 AM, zoomer20 wrote: >Go GM! Be American, Buy American! You must work for Government Motors. Buy a Ford. They're much better and they didn't take money at the bailout trough like GM.
cheap59 Champion Author Michigan Posts:4,240 Points:981,770 Joined:May 2010	Message Posted: Nov 19, 2012 6:51:38 AM Ignore cheap59 Report Abuse Now pay the taxpayer back!
TxMtb Champion Author Ohio Posts:1,660 Points:369,480 Joined:Feb 2012	Message Posted: Nov 19, 2012 6:50:29 AM Ignore TxMtb Report Abuse Don't they still owe us money?
Hemond Champion Author Providence Posts:8,467 Points:136,015 Joined:Oct 2006	Message Posted: Nov 19, 2012 6:49:03 AM Ignore Hemond Report Abuse So those of us who were GM stockholders and lost huge amounts of our investments in the old GM are supposed to be happy? The American way is to screw the former owners of the company?
zoomer20 Sophomore Author Indiana Posts:232 Points:277,820 Joined:Apr 2012	Message Posted: Nov 19, 2012 6:25:34 AM Ignore zoomer20 Report Abuse Go GM! Be American, Buy American!
Straitliner Champion Author Illinois Posts:1,635 Points:264,025 Joined:Sep 2012	Message Posted: Nov 19, 2012 6:21:16 AM Ignore Straitliner Report Abuse So am I. Saving jobs is always a good measure.
leeac Champion Author Ohio Posts:1,726 Points:459,655 Joined:Jan 2012	Message Posted: Nov 19, 2012 5:10:03 AM Ignore leeac Report Abuse I am glad Obama and the government saved GM and all those good jobs.
Luckylindy Champion Author Milwaukee Posts:4,645 Points:1,152,820 Joined:May 2008	Message Posted: Nov 19, 2012 4:56:56 AM Ignore Luckylindy Report Abuse They have 1 big bill to pay yet.
djgunrunner Champion Author Salt Lake City Posts:10,242 Points:2,374,355 Joined:Apr 2005	Message Posted: Nov 19, 2012 4:55:34 AM Ignore djgunrunner Report Abuse Then why don't they finish paying of the American people?
JohnofGB Champion Author Flint Posts:5,556 Points:1,122,920 Joined:Feb 2010	Message Posted: Nov 19, 2012 1:51:56 AM Ignore JohnofGB Report Abuse And to the author roadrunner, GM did go bankrupt. Ask the bondholders. Your anti union rant would have hurt many more than your over developed sense of superiority.
Vette1967 Champion Author Albany Posts:6,102 Points:1,302,725 Joined:Jun 2009	Message Posted: Nov 19, 2012 1:51:32 AM Ignore Vette1967 Report Abuse Lets hope they don't squander it.
JohnofGB Champion Author Flint Posts:5,556 Points:1,122,920 Joined:Feb 2010	Message Posted: Nov 19, 2012 1:48:31 AM Ignore JohnofGB Report Abuse They need to buy back the government stock and pay them back.
roadrunnerMO Champion Author Kansas Posts:8,537 Points:1,725,215 Joined:Jul 2008	Message Posted: Nov 19, 2012 1:41:12 AM Ignore roadrunnerMO Report Abuse Had they gone bankrupt, they would have emerged stronger than ever. The union would be gone or their air would have been out of their sails. No cost of $5,000 plus added to cost of each car to pay retirement benefits which are outragious. Pay is far too high for the skills possessed. That is true of others who have unionized jobs such as the school teachers in some parts of the country. REMEMBER THE BOND HOLDERS WHO WERE TOTALLY SCREWED OUT OF ALL THEIR INVESTMENTS BY OBAMA.
Eugenian Champion Author Oregon Posts:1,996 Points:387,880 Joined:Oct 2009	Message Posted: Nov 19, 2012 1:17:07 AM Ignore Eugenian Report Abuse Good thing we didn't listen to the "let Detroit go bankrupt" fools.
Nancy&Len Champion Author Cleveland Posts:2,168 Points:1,968,640 Joined:Sep 2004	Message Posted: Nov 19, 2012 12:58:06 AM Ignore Nancy&Len Report Abuse And the taxpayers got screwed.
pricewar Champion Author Ogden Posts:2,070 Points:300,765 Joined:Jul 2012	Message Posted: Nov 19, 2012 12:39:04 AM Ignore pricewar Report Abuse All that bail out money waisted. The bankruptcy route would saved us from debt. Thanks for your inexperience mr Obama
danindenver Champion Author Denver Posts:5,589 Points:1,263,425 Joined:May 2005	Message Posted: Nov 18, 2012 11:21:02 PM Ignore danindenver Report Abuse When do I get my money back?
LostInNY Champion Author New York Posts:1,854 Points:673,795 Joined:Apr 2011	Message Posted: Nov 18, 2012 11:14:47 PM Ignore LostInNY Report Abuse yeah well my old gm stock is worthless...thanks a lot GM
davenles Champion Author Texas Posts:3,331 Points:744,635 Joined:May 2011	Message Posted: Nov 18, 2012 10:56:16 PM Ignore davenles Report Abuse If they are doing so well, then pay us back.
Mark8601 All-Star Author Bakersfield Posts:929 Points:396,435 Joined:Dec 2011	Message Posted: Nov 18, 2012 10:46:34 PM Ignore Mark8601 Report Abuse Lets hope it lasts.
HoBuddy2012 Sophomore Author Toronto Posts:161 Points:173,050 Joined:Oct 2012	Message Posted: Nov 18, 2012 10:04:58 PM Ignore HoBuddy2012 Report Abuse good...
ExplorerWA Champion Author Washington Posts:4,230 Points:823,000 Joined:Feb 2011	Message Posted: Nov 18, 2012 10:00:33 PM Ignore ExplorerWA Report Abuse This is released just to make us taxpayers feel good.
lesabreAZ Champion Author Phoenix Posts:1,809 Points:436,995 Joined:Nov 2011	Message Posted: Nov 18, 2012 9:57:09 PM Ignore lesabreAZ Report Abuse what a re- VOLTing development
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Nov 18, 2012 9:21:56 PM Ignore dh0770 Report Abuse Pay back the bailout....and we keep the stock shares as a "cost of business"!
MidNJ Champion Author New Jersey Posts:7,681 Points:1,196,290 Joined:Sep 2009	Message Posted: Nov 18, 2012 9:18:37 PM Ignore MidNJ Report Abuse Perhaps Mitt Romney was right when he said we should allow GM to go bankrupt. Or was he????
yankeeriffraff Veteran Author Phoenix Posts:386 Points:235,750 Joined:Aug 2012	Message Posted: Nov 18, 2012 9:16:45 PM Ignore yankeeriffraff Report Abuse so when do they pay back the bailout money?
ScottTee Champion Author Detroit Posts:4,522 Points:1,089,345 Joined:Mar 2010	Message Posted: Nov 18, 2012 9:16:10 PM Ignore ScottTee Report Abuse They are gonna need it
drpepperTX Champion Author Texas Posts:9,151 Points:777,900 Joined:Apr 2011	Message Posted: Nov 18, 2012 8:47:08 PM Ignore drpepperTX Report Abuse Oh come on orphancarguyPE, GM still owes U.S. taxpayers $27 billion, and U.S. taxpayers still own under a third of GM, or 500 million shares, which remain underwater. The stock will have to trade at around $53 a share for taxpayers to breakeven; they currently trade at around $23. In August, the Treasury Dept. revised higher the cost of the auto bailout by $3.4 billion, up from the prior estimate of $21.7 billion.
Tacodan Champion Author Cincinnati Posts:2,452 Points:679,230 Joined:Apr 2011	Message Posted: Nov 18, 2012 8:41:59 PM Ignore Tacodan Report Abuse LET DETROIT GO BANKRUPT ……!
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Nov 18, 2012 8:39:16 PM Ignore knutzAL Report Abuse how bout paying me off for the bonds that you basically gave to uncle suga!
humblepie Champion Author Toledo Posts:35,260 Points:2,397,120 Joined:Mar 2006	Message Posted: Nov 18, 2012 8:30:18 PM Ignore humblepie Report Abuse a cruel cruel joke, nothing more
YumaFellow Champion Author Arizona Posts:1,421 Points:648,345 Joined:Jan 2011	Message Posted: Nov 18, 2012 8:30:10 PM Ignore YumaFellow Report Abuse Leadership has always seemed to be a problem at GM; it appears that it remains to be seen if the current leadership is up to the task.
TripleHs Champion Author Austin Posts:3,430 Points:939,115 Joined:Oct 2009	Message Posted: Nov 18, 2012 7:43:11 PM Ignore TripleHs Report Abuse good for the company and its investors
TableTalk Champion Author Virginia Posts:1,187 Points:566,635 Joined:Nov 2008	Message Posted: Nov 18, 2012 7:12:33 PM Ignore TableTalk Report Abuse Maybe out of the goodness of their heart they can pay the gov't back for the loss that has accrued on the Government's "bad" investment. Let's do the math: 13.4 billion under Bush + 36.1 billion under Obama = 49.5 billion. 23.1 billion has been repaid as of March, 2012. That leaves outstanding 500 million shares of commons stock and 26.4 billion to go. With the stock price at $23.85, If sold on Monday at that price, the Gov't would earn 11.9 billion (not counting commissions). This would be a loss of 14.5 billion. With $16 billion in the bank, I think they could make up the difference and we won't fret about the lost interest money on the deal.