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GM's profit plunges 90%

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Old 05-03-2007, 03:49 PM   #1
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GM's profit plunges 90%

http://articles.moneycentral.msn.com...03markets.aspx

Ouch.

I hope the movie helps them out.
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Old 05-03-2007, 04:14 PM   #2
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they need to do something fast
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Old 05-03-2007, 04:19 PM   #3
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They can start by making cars that people actually want to buy. If I were to buy a car right now, GM would probably be the last place I'd look since there's so many better options out there.

Personal opinion of course.
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Old 05-03-2007, 04:20 PM   #4
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Maybe that "Decepticon Attack" on their website for the movie did more damage than they thought.....

But seriously, they need to make a better product, pretty soon the Big Three will be Toyota, Honda, and Hyundai....o.k. maybe not Hyundai, but you get the picture...
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Old 05-03-2007, 04:28 PM   #5
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Old 05-03-2007, 04:56 PM   #6
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It is important to note that the 90% plunge is presumably comparing first quarter 07 to first quarter 06.
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Old 05-03-2007, 04:59 PM   #7
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Bring back the Firebirds!

I think the only cars currently being made that I actually like the way they look are Fords.
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Old 05-03-2007, 05:43 PM   #8
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You couldn't give me an American-built car today. Combine the lack of quality with the unsustainable labor agreements the Big Three have with their unions, and short of a government funded bailout or a complete reinvention, I don't see any of them existing in anything resembling their current form in another decade or two.
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Old 05-03-2007, 05:51 PM   #9
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I'm not surprised. With the rising popularity(still) of Toyota and Honda, and the fact that car sales in general the first 4 months of 07 compared to 06 were horrible. I can see that happening. The sales at my lot were down 50% from last year. And the finance companies I work with are all hurting because most dealerships are in the same position.

People get out there and buy some cars DAMMIT!!

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Old 05-03-2007, 06:08 PM   #10
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Quote:
Originally Posted by squirrelcar
You couldn't give me an American-built car today. Combine the lack of quality with the unsustainable labor agreements the Big Three have with their unions, and short of a government funded bailout or a complete reinvention, I don't see any of them existing in anything resembling their current form in another decade or two.
I would only suggest that, based on what I've read, there really is no longer a lack of quality (generally speaking) in American built cars. The problem is the overwhelming perception that there still is.
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