[Safrguns]

Yeah... but can they find any customers?

[GOPsterinMA]

And I’m waiting for Skittles to rain down from the skies...

NEVER GONNA HAPPEN!!! GM and Chrysler are dead union shops walking. Look at Toyota’s sales - up what, 30+% percent? People would rather take a chance in crashing and dying (an albeit small chance, and for the record I own a Toyota and love it) then to buy a GM.

Does that tell everyone what they need to know?

[RushIsMyTeddyBear]

Wut????? I thought I just heard they lost LOTS????

[mlocher]

GM, steadily returning to health after its bankruptcy filing last year, said it lost $3.4 billion in the fourth quarter of 2009 on revenues of $32.3 billion. But things are on the upswing, the company says.

And the economy is on the upswing too --- LOL!!!

[Rational Thought]

“GM owes an additional $45.3 billion to the government. That will be repaid when GM makes a public stock offering.”

GM is a Government run house of cards. $45.3 Billion stock offering? Good luck with that.

[Domandred]

Last trade .75. Don’t companies get kicked to OTC when they turn penny stocks?

[bvw]

Profit via WAY underfunding their union pensions in 2009, so by cozy agreement the plan fails and the US Taxpayer is then on the hook for the union penions!

What’s a few trillion between friends.

[FrankR]

Knowing the criminal climate of Washington, I would say that the feds are shifting those funds to GM under the table for a fake "payoff", because, no one will buy their cars as long as they think it's still "Government Motors".

I think it's a big game of "show and tell" and nothing will change. This administration is very good at moving money from one pocket to the other in the same pair of pants.

But, I'm not only boycotting GM, I'm boycotting any car maker that is UNIONIZED. Unions are the "pod people" of socialist; each union is a mini-socialist organization and promoters of mediocracy.

It's all a part of the same syndicate...with obama pulling the strings

[musicman]

"GM hopes soon to repay government loan, sees chance of profit...."

[Cicero]

Odd. Yahoo says that the GM chart is “unavailable.” I’ve never seen that before.

The stock closed at 75 cents, but no chart.

http://finance.yahoo.com/q/bc?t=1d&l=on&z=m&q=l&p=&a=&c=&s=GM

[Oatka]

GM owes an additional $45.3 billion to the government. That will be repaid when GM makes a public stock offering.

What a con job! They float $45 BILLION in new common stock, which will dilute the value of the present holdings down to next to nothing.

CITICorp did something similar. They couldn't pay bonuses as long as they owed the Feds the $20 Billion they borrowed. So . . . they talked the govt into swapping their holdings of preferred shares for common stock, then sold $20 billion in new common stock, paid the govt back and started cranking out the bonuses, laughing all the way. The shareholders (you and me) now held stock that had just been diluted by 20% or so.

There was an article crowing that the govt still made $7 billion on the deal and planned to sell the stock "before the end of the year". Counting chickens before they hatch applies here.

[Oceander]

[buried way at the bottom]

GM owes an additional $45.3 billion to the government. That will be repaid when GM makes a public stock offering.

Funny how you always find the lies at the top of the report, and the truth buried down in the footnotes to the financial statements. If this were a prospectus or an annual report, GM would be liable for securities fraud for statements like this.

[2 Kool 2 Be 4-Gotten]

Let's cut to Wayne Campbell for his up to the minute comments.

"Okay - and monkeys will fly out of my butt!"