Am I crazy that it seems I'm seeing way more new Ford and GM cars and crossovers vs. the Japanese that used to completely dominate? I suppose that isn't offsetting the pickups and SUVs that have gone off a cliff...
pickup sales are still strong, though they dropped off a little. SUV sales went off a cliff for every brand except Land Rover. new Ford and GM vehicles ARE selling but Unions are still killing them. If the vehicles werent selling the losses would be even higher.
God i hate Unions. The thing that really get me is that these workers in factories in the end have chosen the hands on, no smarts way in life. Yet, knowning they have a labor intensive career in front of them, they chose to complain and wine there way out until they get every pension, incentive, everything..
how much is GM worth, I dont understand you you can just keep having these huge losses and just absorb them quarter after quarter
They have alot of cash on their balance sheet, > 20 billion. Although they had a loss of 3.3 billion, they had revenues of > 40 billion. Could be some major restructuring efforts? They have a large cash inflow from investing activities = could be selling off property/plant/equipment?