G.M. Reports Its Largest Annual Profit

[jaxx]

G.M. Reports Its Largest Annual Profit
By NICK BUNKLEY
Published: February 16, 2012

DETROIT — General Motors reported the largest annual profit in its history on Thursday, even as losses in Europe dragged down fourth-quarter earnings.

G.M. said it earned a quarterly profit of $472 million, or 28 cents a share, down from $510 million, or 31 cents a share, a year ago. It was the eighth-consecutive quarterly profit for the carmaker, which cleansed much of its debt in bankruptcy years ago, but also the smallest during that stretch.

For all of 2011, G.M. earned $7.6 billion, nearly all of it from North America. That was 62 percent higher than the $4.7 billion it earned a year ago and more than G.M.’s previous record of $6.7 billion in 1997.

As a result, G.M.’s 47,500 eligible hourly workers will receive profit-sharing checks in March of up to $7,000, an all-time high.

http://www.nytimes.com/2012/02/17/busine...&seid=auto

More good news. We'll take all we can get.

[There Is No Spoon]

Yes, but Romnikins said that GM would have recovered quicker if he was in charge. Yep, he would have done NOTHING and they would have gone bankrupt and laid off hundreds of thousands of workers. This would have lead to an instantaneous recovery in Romney's deranged little head.

Why can't that fucktard just admit he was wrong and move on?

[Velleity]

(02-16-2012 08:23 AM)There Is No Spoon Wrote:  Yes, but Romnikins said that GM would have recovered quicker if he was in charge. Yep, he would have done NOTHING and they would have gone bankrupt and laid off hundreds of thousands of workers. This would have lead to an instantaneous recovery in Romney's deranged little head.

Why can't that fucktard just admit he was wrong and move on?

What difference would it make? His credibility is long past the point of no return. He may as well lie and deny.

[jaxx]

Willard is twisting himself into whatever will make him look like he saved GM....it's hopeless for him and he knows it. I just heard him on the TV and he is sounding angrier by the day.

[There Is No Spoon]

(02-16-2012 08:33 AM)jaxx Wrote:  ... he is sounding angrier by the day.

That's because some little choir boy nobody misogynist religious zealot is beating him out for the nomination

It was called the Klown Kar for a reason. They are all badly flawed in some way.

[jaxx]

David Axelrod @davidaxelrod
GM chief tells CBS that without the steps Obama took on autos,"You could have written off this company, this industry, and this country."

Hear that Willard? Nothing you say will take away that you wanted the auto industry to go bankrupt and to fail. But one man stood for them and they won.

[janedrake]

Eat it, Willard and Santorum. (Hmn - come to think of it, that would make a good t-shirt).