Re: General Motors' Remark

"'Key" <Key@[EMAIL PROTECTED]
> wrote in message 
news:B_Wdnd0Xc4LY3y7anZ2dnUVZ_sGvnZ2d@[EMAIL PROTECTED]
> "CardsFan" <me@[EMAIL PROTECTED]
> wrote in message 
> news:fov0uh$tpi$1@[EMAIL PROTECTED]
>> 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
>
>
> General Motors' Shreveport plant may lay off as many as 160 workers in
the 
> coming weeks, with the first 60 expected to go Friday.
> http://tinyurl.com/ypq9yt
>
> my2¢

What two cents is that?  The article is quite balanced.

AJM