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I heard on NPR that Ford also had a PHENOMINAL year, but alot of that is due in part to the fact they cashed out a "reserve fund" they have had since before our the bailout.
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- Unlike Ford, GM has virtually zero bond interest expense due to fleecing bondholders/creditors of approx. $30B per Obamaruptcy.
- GM was awarded approx. $45B in loss carryovers from the "old GM" which means the new GM will not have to pay corp. income taxes for approx. 10 years thanks to Obamaruptcy, a dirty little secret that no one hardly talks about.....I thought Obama wanted more revenues from those mean corporations.
- Lastly, who would want to invest in a company whose moral character supported awarding the UAW approx. $5B, and leaving the bondholders who had invested in GM out to dry.
Originally Posted by bjm5295
impeccable timing for Obama/the democratic party.
but really, "GM said 47,500 blue-collar workers in the U.S. will get $7,000 profit-sharing checks in March," is the best part of that article. wish it was a little more for them, but cant complain.
now bring back pontiac you sons of mothers!
Originally Posted by RealRubirosa
I contributed, too. Just bought a Cadillac... and had a Chevy before this. Both with da V8.
Good thing the US is full of places that aren't around your way.Originally Posted by quik1987
Who's buying these cars? Around my way there's nothing but imports.
Oh HELL yeah man, way to go taxpayer dollars!Originally Posted by dankenstien88
As a Cadillac/Buick buff, this is great news ! Shoot... as an American this is great news !
Who's buying these cars? Around my way there's nothing but imports.
Originally Posted by Mangudai954
To clarify on the profits sharing im pretty sure GM isn't doing that because they want to, its most likely written into the union contract.
Originally Posted by Mangudai954
GM said 47,500 blue-collar workers in the U.S. will get $7,000 profit-sharing checks in March.
I am a GM worker too. Local 163.Originally Posted by lfuqua3
Originally Posted by Mangudai954
To clarify on the profits sharing im pretty sure GM isn't doing that because they want to, its most likely written into the union contract.
Yeah it's contractual. we got $1000 for every billion that they made.
Originally Posted by EcruteakCityBoy
Heard they're hiring more workers for a graveyard shift in Arlington , Texas
Originally Posted by staab89
I am a GM worker too. Local 163.Originally Posted by lfuqua3
Originally Posted by Mangudai954
To clarify on the profits sharing im pretty sure GM isn't doing that because they want to, its most likely written into the union contract.
Yeah it's contractual. we got $1000 for every billion that they made.
Originally Posted by lfuqua3
Originally Posted by staab89
I am a GM worker too. Local 163.Originally Posted by lfuqua3
Yeah it's contractual. we got $1000 for every billion that they made.
1714 we build the Cruze
Originally Posted by lfuqua3
Originally Posted by Mangudai954
To clarify on the profits sharing im pretty sure GM isn't doing that because they want to, its most likely written into the union contract.
Yeah it's contractual. we got $1000 for every billion that they made.
Fleets.
Hmm. Ours has increased 30% in size.
Originally Posted by Toy Collector123
And... this just put an end to Mitt Romney's presidential race. How you tell Detroit you wanted them to fail!