General Motors to hold news conference Tuesday...

[bdon]

Quote from S2007S:

Didnt they have one of these about 3-4 years ago when the stock was around 20-24 a share. The stock did reverse and move up to 36-38, but it looks like the stock now at 9 hasnt proved anything the company talked about at their last breaking news conference.

they pulled that nice reverse on GMAC's mortgage business and strong south american sales. But what now the mortgage business is a bust and..........

 

[VictorS]

Quote from TraderZones:

Saturn has never turned a profit.

And eliminating Pontiac AND Buick seems stupid.

You are correct. They sell more Buicks in China than in the United States.:eek: :eek: Isn't that a shocker.

 

[TraderZones]

Quote from VictorS:

You are correct. They sell more Buicks in China than in the United States.:eek: :eek: Isn't that a shocker.

You are observant. When I was in Beijing, there were an amazing number of Buicks there. Plus Fiats and an interesting blend of other models...

 

[TraderZones]

Quote from bdon:

Yeah unfortunately they'd charge 20k just to cover health care expenses from those well negotiated UAW contracts.

btw I do own a gm product and will always do so. Born and raised in Detroit and I always buy American. But I hate the arrogance that plaques the way this company is run.

Won't buy another Ford, until Sr. sells the Lions and ends the futility (34 years of which i have been alive and suffering through).

I had a Bonneville, TBird, (Ford) Probe, Olds Cutlass Supreme, Volvo, and a couple others. Every one of them had engine/tranny or both go by 90K to 120K miles. And I took good care of them, with mostly highway miles.

Now on my second Civic. Phenomenal car. I will only buy Honda and Toyota (or their upper end division) cars from now on. They are twice the car built by Americans.

 

[myoffices]

Short GM its going lower. After we hit 10% lower its going to be a great trade for the next 2 years. Very volitile

 

[piezoe]

Quote from VictorS:

You are correct. They sell more Buicks in China than in the United States.:eek: :eek: Isn't that a shocker.

I did not realize there were that many M.D.'s in China.

 

[niceneasy]

rearranging the deck chairs on the titanic i see.

this guy wagoner is a piece of work. at this point, at least have the courtesy to go down with the ship quietly.

 

[KINGOFSHORTS]

Dividend to be halted. Watch and see. To conserve capital and protect shareholders. Dividend to be reinstated in 2011.

Watch and listen.

 

[AMT4SWA]

Quote from palenimbus:

... to "discuss actions the company is taking to align the business to current market conditions."

This should be interesting

Yes....the 2010 Camaro will be released with a 1.5L gas & electric motor hybrid drivetrain now! :eek:

 

[Trendytrader]

Jeez haven't been watching the pattern of FDI.,...Bud.

GM is offering itself to Chinese to be taken under. GMs only growth market is China.