Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

Sign in to follow this  
NINETY EIGHT REGENCY

GM's finances: Good ... or bad?

Recommended Posts

GM's finances: Good ... or bad?

Automotive News -- April 12, 2010 - 12:01 am ET

What are we to make of General Motors' financial results for the post-bankruptcy period of 2009? Depends who's doing the analyzing.

The Detroit Free Press headlined GM's $4.3 billion loss: "Things looking up for GM." But an analysis in The New York Times begged to differ, proclaiming: "Obstacles Remain At the New G.M."

GM CFO Chris Liddell might agree with both approaches. He said the company was almost profitable in the fourth quarter, excluding "items which you might deem to be special."

In the second half of 2009, GM posted a net increase of $1 billion in operating cash. And Liddell said that what he has seen so far this year bolsters expectations that a profit is possible in 2010.

But he stopped short of saying he's confident that's going to happen. The losses announced last week give "some sense of the financial hill we intend to climb," he said. "I would rather underpromise and, hopefully, overdeliver."

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20100412/RETAIL02/304129962/-1#ixzz0ktVB5ndM

Share this post


Link to post
Share on other sites
In the second half of 2009, GM posted a net increase of $1 billion in operating cash.

This is more important news for the reporting period than accountng profit.

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Who's Online   0 Members, 0 Anonymous, 11 Guests (See full list)

    There are no registered users currently online



About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.