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General Motors re-emerges as world's top vehicle-maker two years after near bankruptcy
newstrackindia.com ^ | Fri, 20 Jan 2012

Posted on 01/20/2012 5:16:14 AM PST by equaviator

General Motors (GM) has once again become the world's biggest vehicle maker, which marks dramatic turnaround for a firm that was facing bankruptcy two years ago.

GM said it sales rose by 7.6 percent to over nine million vehicles in 2011.

GM CEO Dan Akerson said strong sales ensured that the company remained profitable and continued to invest in new products.

"You're not going to achieve the financial goals we want to achieve and have declining market share or declining numbers of units sold," The Telegraph quoted Akerson, as saying.

GM's rival Volkswagen however, claimed itself as the world's top vehicle maker.

According to the Wall Street Journal, Volkswagen said that GM's figures were boosted by adding sales of its Chinese partners.

Volkswagen said it sold 8.1 million vehicles excluding truck makers MAN and Scania in which it has majority stakes.

Analysts said the numbers could be interpreted in different ways and added that the decision on whether or not to include sales figures of subsidiaries would depend on how involved the vehicle maker was in their operations.

"If GM have added figures of companies in China, which they are pretty much a part of in terms of day-to-day running, then there is nothing wrong in it," a Frost and Sullivan analyst said.

"But if they have also included numbers of manufacturers where they just have a passive investment then it is wrong," he added.

GM emerged from bankruptcy in 2009 after receiving a 52 billion dollar taxpayer-funded bailout. (ANI)


TOPICS: Business/Economy; Government; News/Current Events; US: Michigan
KEYWORDS: gm
Time for GM to pay up. Or do they prefer the current arrangement?
1 posted on 01/20/2012 5:16:24 AM PST by equaviator
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To: equaviator

they don’t pay taxes, borrow huge amount of money for zero interests, huge subsides from government and government buying GM cars as well.


2 posted on 01/20/2012 5:20:36 AM PST by 4rcane
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To: equaviator

How much of those were fleet sales....?


3 posted on 01/20/2012 5:21:51 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: equaviator

As a low wage earning taxpayer, I don’t like being forced to support unionized companies in the north east that can’t survive due to their corruption and bad decisions. I will never buy any GM products ever, and will actively encourage everyone to do the same.


4 posted on 01/20/2012 5:23:26 AM PST by ZX12R (FUBO GTFO 2012 !)
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To: mewzilla
Yup, the devil is in the details......

Year-End Sales Report: General Motors

5 posted on 01/20/2012 5:25:27 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: equaviator
General Motors (GM) has once again become the world's biggest vehicle maker, which marks dramatic turnaround for a firm that was facing bankruptcy two years ago.

And it only took the worst earthquake in a century to make it happen.

CC

6 posted on 01/20/2012 5:26:08 AM PST by Celtic Conservative (Wisdom comes from experience. Experience comes from a lack of wisdom.)
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To: mewzilla

Whoops, my bad. The above is from last year. I’ll see what I can scare up for 2011.


7 posted on 01/20/2012 5:27:02 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: ZX12R

Precisely. I remember when GM ran an ad where the GM CEO proclaimed that the company had repaid the gov’t stimulus money with interest. Turned out to be a baldfaced lie. Just last year it was proclaiming the gov’t mandated car that no one needs or wants—the Volt—was sales success. It was a lie until the dang things started burning up. Then it became a criminal and tragic lie.


8 posted on 01/20/2012 5:28:53 AM PST by dools0007world
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To: ZX12R
I love my Nissan Titan. It was built in the US in a non-union plant. I bought it new in ‘08 but it is an ‘07, and I would buy another one in a heartbeat if something should happen to mine. GM and Chrysler? Never.
9 posted on 01/20/2012 5:28:53 AM PST by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: equaviator
Ok, time for them to start paying, 1000 per unit to start.
10 posted on 01/20/2012 5:32:28 AM PST by org.whodat (Sorry bill, I should never had made all those jokes about you and Lewinsky, have fun.)
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To: mewzilla
Here's a WSJ story from this month. The numbers may be hinky, all right, but not for the reason I thought.....

JANUARY 20, 2012, 7:05 AM Is GM Biggest Carmaker? It May Depend On How You Count

11 posted on 01/20/2012 5:33:38 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: dools0007world

Government Motors = Century Motors (Atlas Shrugged)


12 posted on 01/20/2012 5:34:08 AM PST by Aevery_Freeman (Typed using <FONT STYLE=SARCASM> unless otherwise noted)
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To: equaviator
The Dems will no doubt propose a car profit commission, where the windfall profit on cars is not excessive. That tax should be up to 100% after they have made enough money.

Dems are getting ready to propose that right now ...

< .crickets chirping ... >

13 posted on 01/20/2012 5:34:45 AM PST by dartuser ("If you are ... what you were ... then you're not.")
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To: org.whodat

Occupy General Motors anyone?


14 posted on 01/20/2012 5:36:12 AM PST by equaviator ( "There's a (datum) plane on the horizon coming in...see it?")
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To: mewzilla

Wow - from your link:

“Through November, Chevy sold over 35% of its production to fleets”

I think the article is a recap of 2010 sales....probably even more fleet sales this year.


15 posted on 01/20/2012 5:36:46 AM PST by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: lacrew

Fleet sales tend to be low margin, too.


16 posted on 01/20/2012 5:38:10 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: 4rcane
You got it.....another Government-run, taxpayer subsidized business, which couldn't compete without TAXPAYERS being forced to fund the Union's extortion-like wages and benefits, and multi-million dollar laudering of those dollars BACK to the DNC. What a scheme.

Just like handing our TAX DOLLARS to friends of the Progressives, for Green Energy, and then having them send their contributions out of those Tax Dollars BACK TO THE DNC.

Is this a great system or what?

Every GM or Chrysler/Fiat you see is MORE THAN LIKELY a Democrat voter, or they don't care about buying from Obama Motors.

17 posted on 01/20/2012 5:39:39 AM PST by traditional1 (Free speech for me.....not for thee)
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To: lacrew

BTW, my first link is a year old. That second link I found is up to date :-)


18 posted on 01/20/2012 5:40:52 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: goodwithagun

Girlfriend bought a new 2011 Kia Optima last weekend - made in the non-union Kia plant 10 miles away.
Never started to imagine possibly remotely considering a GM car.... never will.


19 posted on 01/20/2012 5:52:07 AM PST by bossmechanic (If all else fails, hit it with a hammer)
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To: equaviator

A Volkswagen is a great car when it’s running


20 posted on 01/20/2012 5:56:48 AM PST by yldstrk ( My heroes have always been cowboys)
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To: Celtic Conservative

Good point. The Asian cars are built better and last longer with fewer breakdowns. However, the earthquake and tsunami did a number on their manufacturing


21 posted on 01/20/2012 5:58:40 AM PST by yldstrk ( My heroes have always been cowboys)
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To: equaviator
Sounds like bonus time for the brilliant managers that made it all happen.
22 posted on 01/20/2012 5:59:33 AM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: equaviator

How Ironic. Hitler’s “Peoples Car” vs. Obama’s “Peoples Car.”


23 posted on 01/20/2012 6:06:52 AM PST by patton ("Je pense donc je suis," - My Horse.)
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To: equaviator
Isn't it amazing that GM bubbles to the "top" right here in an election year?

IF their figures are true and not propped up by stimulus money and fleet (Volt) sales to the government, then I would suspect that their trucks are the bulk of the sales.

I have vowed - due directly to obama and his cronyism with unions - that I will never purchase another vehicle made by a unionized company...especially GM.

Obama and unions are the bane of America's problems.

UNION LAPDOG
24 posted on 01/20/2012 6:23:51 AM PST by FrankR (When you vote based on race...race is all you get.)
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To: 4rcane

Government is thier biggest customer??? souunds like a round robin scheme.


25 posted on 01/20/2012 6:25:57 AM PST by ronnie raygun (V)
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To: lacrew; mewzilla
Wow - from your link:

“Through November, Chevy sold over 35% of its production to fleets”

We noticed that our city's utility department is driving new Chevy trucks.

26 posted on 01/20/2012 6:34:37 AM PST by Arrowhead1952 (Dear God, thanks for the rain, but please let it rain more in Texas. Amen.)
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To: 4rcane
they don’t pay taxes, borrow huge amount of money for zero interests, huge subsides from government and government buying GM cars as well.

they stiff their lenders, too. Hard to beat that "edge."

27 posted on 01/20/2012 6:46:06 AM PST by the invisib1e hand (eat more possum.)
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To: equaviator
General Motors re-emerges as world's top vehicle-maker two years after near bankruptcy

GM did go bankrupt and no longer exists. It did not re-emerge. A new company was capitalized by the government to buy votes and is using the GM name. Barky's administration has carefully studied the mistakes of the Japanese and has set out to make every one of them.

28 posted on 01/20/2012 7:02:13 AM PST by Reeses
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To: equaviator
Photobucket GM is now active in the B-B-Q grill market.....Only 40,000.00 each
29 posted on 01/20/2012 7:03:05 AM PST by baddog 219
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To: Arrowhead1952
Here's the best part: Because margins on fleet sales are low, GM may have made little or lost money on the deal.

Unless, of course, the gov't paid an inflated price for the vehicles in order to shovel some more taxpayer money GM's way.....?

30 posted on 01/20/2012 7:06:10 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
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To: the invisib1e hand
As of 8:54am CDT...GM stock is up 15 cents (less than half a percent) and dropping..

...don't it make sense that if the "news" was really good, the stock should be going out of sight....??...

..just asking

31 posted on 01/20/2012 7:09:20 AM PST by B.O. Plenty (Elections have consequences....)
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To: equaviator

don’t know how their financial situation is, but they are spending money and updating plants like crazy.... hell, they are re-opening a previously closed one... I have been bidding their work non stop since august....


32 posted on 01/20/2012 7:30:06 AM PST by joe fonebone (Project Gunwalker, this will make watergate look like the warm up band......)
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To: equaviator

The single best reason NOT to buy a Government Motors Car:

Every GM car sold enrichens the UAW labor union.

Obama has turned GM into a multi-billion dollar pipeline to funnel taxpayer money to the UAW.

Exactly how much taxpayer money per car is Obama giving GM as a subsidy?

How many GM cars are being forced on government agencies by the Obama administration to pump up sales?


33 posted on 01/20/2012 7:34:25 AM PST by Iron Munro ("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
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To: Aevery_Freeman

Exactly. Meanwhile, too many people who should know better pretend nothing has changed since The Marxist Onada usurped the presidency.


34 posted on 01/20/2012 7:50:35 AM PST by dools0007world
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To: equaviator

The Chinese people say “Xie xie!” to their friends the American taxpayers for helping to keep the price of GM cars lower in China!


35 posted on 01/20/2012 8:19:17 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Reeses

The new name is General Motors Company but you’d think it was General Miracle Company.


36 posted on 01/20/2012 8:31:39 AM PST by equaviator ( "There's a (datum) plane on the horizon coming in...see it?")
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To: equaviator

Total OBAMA Bullsh*t

FUGM, FUUAW, and FUBO

I will never buy a Goverment Motors vehicle.


37 posted on 01/20/2012 9:11:11 AM PST by wetgundog (" Extremism in the Defense of Liberty is no Vice")
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To: equaviator; All

YES!!! GO GM, Ford and Chrysler!! Take your liberal Toyotas, Hondas and Korean crap and stick it!


38 posted on 01/20/2012 10:15:34 AM PST by Moleman
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