Trolls and mischaracterizations

"Sal" is very definition of a troll.  He'll post here once in a while when 
he can find something he knows will elicit a response.  If no one replies,

the thread dies.  (Does that sound too much like Johnny Cochran?)

 The current management team is better than they've had in a while and
will 
need more time to retune the company toward profitability.  GM is turning 
around.  It is (slowly) getting a handle on labor and health-care costs, 
it's trying to reduce the number of models and brands, it's designing 
better, sometimes award-winning, cars and trucks.  Some factors are
outside 
its control, like the overall economy.  Yes, they should probably have 
foreseen the move away from large SUVs and trucks to more fuel-economical 
vehicles.  With the US mortgage meltdown, it has turned out to be 
serendipitous that they sold off half of GMAC.

The $38 billion figure trumpeted by "Uncle Vito" was almost all a non-cash

charge to write down the value of deferred tax assets.  One would suggest
he 
learn to read and understand financial statements.  For the year, both 
globally and in North America, the actual loss from automotive operations 
was quite a bit smaller than an year ago.

One other thing - GM leads the Dow companies, with a 9% increase in its 
stock price so far this year.

AJM