General Motors reports $1B 1st-quarter profit, beating expectations - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 5 Old 05-03-2012, 06:00 AM Thread Starter
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General Motors reports $1B 1st-quarter profit, beating expectations

The net income compares with a $3.2 billion profit a year earlier, which was boosted by $1.6 billion in special gains related to the sale of a Delphi ownership stake. Before the special gains, interest and taxes, GM made $2.2 billion last quarter, 10% higher than the first quarter of 2011, off a $1.7 billion profit in North America.

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post #2 of 5 Old 05-03-2012, 07:13 AM
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$1 Billion Profit in the 1st QTR, How about Lowering the Prices!!! Oh Wait, their part of the GREEDY CORP America.....


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post #3 of 5 Old 05-03-2012, 01:27 PM
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$1 Billion Profit in the 1st QTR, How about Lowering the Prices!!! Oh Wait, their part of the GREEDY CORP America.....
Lol...really?



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post #4 of 5 Old 05-03-2012, 02:33 PM
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$1 Billion Profit in the 1st QTR, How about Lowering the Prices!!! Oh Wait, they're part of the GREEDY CORP America.....
So there's something wrong with supply and demand pricing? Basic capitalism?
Maybe you'd rather all cars cost $5000 and everyone were given $5000 to buy one?

You charge what the market will bear. Profits are used to expand business, pay for R&D, etc.

Sangyup Lee didn't come up with the Camaro concept for free.

It's easy to point a finger and envy someone who's doing better than you are. It's a bit harder (and far more admirable) to pull yourself up by your own bootstraps.

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post #5 of 5 Old 05-03-2012, 06:22 PM
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So there's something wrong with supply and demand pricing? Basic capitalism?
Maybe you'd rather all cars cost $5000 and everyone were given $5000 to buy one?

You charge what the market will bear. Profits are used to expand business, pay for R&D, etc.

Sangyup Lee didn't come up with the Camaro concept for free.

It's easy to point a finger and envy someone who's doing better than you are. It's a bit harder (and far more admirable) to pull yourself up by your own bootstraps.
+1...And I really didn't care for the bail-out welfare given to GM and Chrysler. When Ford did the right thing and liquidated assets to pay for their transgressions.
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