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Guest buickman

From the Annual Report, a disclaimer that the financial statements are not credible.

"General Motors' management is responsible for establishing and maintaining internal controls over financial reporting and disclosure controls. Internal controls over financial reporting are designed to provide reasonable assurance that the books and records reflect the transactions of General Motors Corporation and subsidiaries and that established policies and procedures are carefully followed.

During 2005 GM identified three material weaknesses in internal controls, relating to statements of cash flows, accounting for vehicles on operating lease with daily rental car entities, and impairment of foreign investments accounted for under the equity method. For further discussion, see Item 9A, Controls and Procedures, in GM's Annual Report on Form 10-K for the year ended December 31, 2005.

Based on our assessment, management has concluded that our internal control over financial reporting was not effective as of the end of the fiscal year to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting principles."

Signed,

G. Richard Wagoner

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Guest YellowJacket894

Don't you have production of the newest Dunbar car to oversee?

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Guest buickman

Proper accounting and accountability go hand in hand.

Buickman

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SEC regs require this type of disclaimer when there has been a misstatement recently or the procedure for redoing the previous numbers is not yet completed.

Previous mistakes change all numbers going forward, thus resulting in the language you see in the annual report.

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The funniest thing I've ever read in a newspaper was a story about a douchebag Buick salesman from somewhere in Michigan who was arrested after police caught him making out with an unidentified lover in a Pontiac Solstice.

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Guest buickman

What's really funny is how the financial statements of the General Motors Corporation are virtually meaningless and you think it's some kind of joke.

Buickman

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I don't find GM's financial statements a joke. Every company has an accounting oops every now and again. Ask me about work today, I'll tell you.

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Guest Josh

Personal attacks abound, and a bullet to the head? How old are you?! You're just a sick kid that needs counseling.

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Personal attacks abound, and a bullet to the head? How old are you?! You're just a sick kid that needs counseling.

177325[/snapback]

Please stop trolling this site in order to chastise people without contributing anything of your own.

Thank you.

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Guest Josh

Please stop trolling this site in order to chastise people without contributing anything of your own.

Thank you.

177346[/snapback]

Go look at Sattys post, then come at me, Fly.

Go look at YellowJackets post, then come at me, Fly.

Two blatant posts that are meaningless. I've said countless times how I feel about Dollinger. He knows his $h!, he has an idea of what is going on. I'm sick of repeating it because then I'll be "gay" or "a homo in a Solstice" or gasp, next thing you know, I'll be the one deserving of the bullet in the head.

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I'll say it again, you bring this $h! on yourself by being a douchebag.

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What's really funny is how the financial statements of the General Motors Corporation are virtually meaningless and you think it's some kind of joke.

Buickman

177317[/snapback]

They are far from meaningless...and my only point was that the language contained therein was necessary and appropriate, given the accounting issues right now.

Are you a CPA now too? Or an S.E.C. expert?

Please go sell somebody a car and leave the intellectual heavy lifting to others.

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From the friction that surfaced in this thread, there is obviously stuff going on behind the scenes that I'm clueless about. So, that makes me the perfect person to give an unsolicited judgement. Josh is right, on all counts.

Much like a bullet to your head.

176874[/snapback]

You started it and this was uncalled for.

The funniest thing I've ever read in a newspaper was a story about a douchebag Buick salesman from somewhere in Michigan who was arrested after police caught him making out with an unidentified lover in a Pontiac Solstice.

176874[/snapback]

This was way out of line.

Please stop trolling this site in order to chastise people without contributing anything of your own.

176874[/snapback]

To call Josh out, with no mention of the prior two posts is unfair and biased...and you're supposed to be an admin!!

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Guest Josh

From the friction that surfaced in this thread, there is obviously stuff going on behind the scenes that I'm clueless about.  So, that makes me the perfect person to give an unsolicited judgement.  Josh is right, on all counts.

You started it and this was uncalled for.

This was way out of line.

To call Josh out, with no mention of the prior two posts is unfair and biased...and you're supposed to be an admin!!

177791[/snapback]

Thanks! So, Fly, what say you?

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When BM goes away and Josh quits acting like a child who didn't get his way so he's trying to ruin everyone else's fun I'll quit on them both. But I doubt either will happen without a banning. If I pulled some of the crap over at the(supposed)gmsource that Josh pulls here, I'd be banned and rightfully so. Hell, I've seen Josh ban people (Rex Raider) for less.

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I'm 26 and maybe saying that was crossing the line. However it's a far cry from the post made by BM. I never come in claiming to know it all and do nothing but redux the situation or post over and over again. Also if you don't like the way things are run around here then just leave. That simple.

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Guest buickman

I never claimed to know it all, only stated that Return to Greatness would restore lost market share, lowering expenses while increasing profitability.

Buickman

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I should apologize for interjecting myself into something that isn't any of my business. I guess it's just all the craziness going on in the world and my frustrating mood I've been in lately that pushed me post something.

I don't know buickman at all, and to be honest, over time, I think his posts have become repetitive and a little tiring. But, he's got his opinion and his supporters and they are all entitled to think whatever they want. I may disagree, but I wouldn't attack anyone because of it and I don't think personal attacks are ever necessary.

I like the give and take of discussion and I can respect and admire anyone with strong opinions backed up by logical arguments. If we can agree to disagree, all is good in my book. Having said that, if I don't like what someone says I just move on, or I don't read the thread to begin with.

The world sucks enough as it is. We don't have to make it worse.

Again, sorry for getting in the middle here....

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"As the C&G World Turns" - brought to you by, GM and its divisions, makers of fine automobiles and embarrasing fans.

Tune in next week when another meaningless report is distributed to the masses, only to be buried among the scratching cat-claws, hissy-fits and over-excessive amounts of personal pride that gets in the way of anything educational or informative.

YET AGAIN, WAY TO GO MEATHEADS! For crying out loud.

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Guest buickman

I should apologize for interjecting myself into something that isn't any of my business.  I guess it's just all the craziness going on in the world and my frustrating mood I've been in lately that pushed me post something.

I don't know buickman at all, and to be honest, over time, I think his posts have become repetitive and a little tiring.  But, he's got his opinion and his supporters and they are all entitled to think whatever they want.  I may disagree, but I wouldn't attack anyone because of it and I don't think personal attacks are ever necessary. 

I like the give and take of discussion and I can respect and admire anyone with strong opinions backed up by logical arguments.  If we can agree to disagree, all is good in my book.  Having said that, if I don't like what someone says I just move on, or I don't read the  thread to begin with. 

The world sucks enough as it is.  We don't have to make it worse.

Again, sorry for getting in the middle here....

177917[/snapback]

Well said and appropriate.

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scroll down to article on France

Dauch later clarified his comments saying he felt that the way the alliance was proposed was inappropriate adding that the Renault/Nissan alliance has clearly benefited both parties. That said, he's clearly in GM Chairman and CEO Rick Wagoner's corner.

"I think we need to give GM a chance to restructure," he said. "I think Rick Wagoner is one of the smartest men in this business."

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Guest YellowJacket894

I have to ask, do you guys think this new Dunbar Daylight Super-Duper Sport Fly Like A Regal 1999 Edition LT will sell?

Posted Image

I think Toyota may have some problems...

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I apologize to the admin's of this board as well as my fellow members of this awesome site. There was/is no need for my comments against other members. I've always prided myself on not getting into childish back and forth crap online and thats how I need to keep it. Won't happen again.

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