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Posted by F. George McDuffee on February 12, 2008, 10:14 am
Please log in for more thread options
***** WE'RE #1!!!!!!!!!!!! *****
GM posts biggest annual US auto loss
By DEE-ANN DURBIN, AP Auto Writer 21 minutes ago
DETROIT - General Motors Corp. reported a $38.7 billion loss for
2007 on Tuesday, the largest annual loss ever for an automotive
company,....
For complete article see
http://news.yahoo.com/s/ap/20080212/ap_on_bi_ge/earns_gm;_ylt=AitTHL1zotHV6fLEdC6k_D.s0NUE
Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?
Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).
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Posted by Louis Ohland on February 12, 2008, 10:17 am
Please log in for more thread options
I'm hearing on the news that they have offered to buy out all 74,000
union line workers.
F. George McDuffee wrote:
> ***** WE'RE #1!!!!!!!!!!!! *****
>
> GM posts biggest annual US auto loss
>
> By DEE-ANN DURBIN, AP Auto Writer 21 minutes ago
>
> DETROIT - General Motors Corp. reported a $38.7 billion loss for
> 2007 on Tuesday, the largest annual loss ever for an automotive
> company,....
>
> For complete article see
>
http://news.yahoo.com/s/ap/20080212/ap_on_bi_ge/earns_gm;_ylt=AitTHL1zotHV6fLEdC6k_D.s0NUE
>
>
> Unka' George [George McDuffee]
> -------------------------------------------
> He that will not apply new remedies,
> must expect new evils:
> for Time is the greatest innovator: and
> if Time, of course, alter things to the worse,
> and wisdom and counsel shall not alter them to the better,
> what shall be the end?
>
> Francis Bacon (1561-1626), English philosopher, essayist, statesman.
> Essays, "Of Innovations" (1597-1625).
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Posted by F. George McDuffee on February 12, 2008, 11:32 am
Please log in for more thread options top posted
Another example of what happens when you fail to heed the advice
"when you are in a hole, the first thing to do is stop digging."
Items that popped up immediately after I posted confirm the
*TOTAL* buy-out offer.
http://news.yahoo.com/s/nm/20080212/us_nm/gm_buyouts_dc_1
=======
GM offers all U.S. union workers buyouts or retirement
By David Bailey Tue Feb 12, 7:04 AM ET
DETROIT (Reuters) - General Motors Corp will offer buyouts or
early retirements to all 74,000 U.S. hourly workers represented
by the United Auto Workers in a sweeping deal with the union
intended to clear the way for GM to hire lower-cost replacements.
<snip>
=======
Also I just read that much of the "income" that limited (!!!!)
the losses was a tax credit. (Looks like those tax rebates
scale.)
http://biz.yahoo.com/cnbc/080212/23123383.html?.v=1
=============
CNBC
GM Earnings and the Surprise Tax Benefit
Tuesday February 12, 8:36 am ET
Shares of General Motors reversed course in pre-market trading
Tuesday after enthusiasm about what looked like a surprise profit
waned when the chief executive said it was unlikely analysts knew
about a one-time tax benefit.
<snip>
But that number included a $1.6 billion tax benefit that Wagoner
said analysts likely didn't take into account. Based on 567
million shares outstanding, that would boost the bottom line by
about $2.83 a share. On average, analysts predicted a loss of 55
cents a share.
<snip>
============
If anyone needs further proof that the US economy is being run by
manic-depressives and schizophrenics click on
http://news.yahoo.com/s/nm/20080212/bs_nm/markets_stocks_dc_14
=============
Futures point to higher open on GM results
Tue Feb 12, 7:13 AM ET
NEW YORK (Reuters) - Stock index futures rose on Tuesday and were
set to extend Monday's rebound from the past week's losses after
General Motors (GM.N) reported higher-than-expected results and
reached an agreement with the United Auto Workers union.
============
Note to Reuters -- get your writers to leave their "bong" at
home...
****************************************************
On Tue, 12 Feb 2008 09:17:14 -0600, Louis Ohland
>I'm hearing on the news that they have offered to buy out all 74,000
>union line workers.
>
>F. George McDuffee wrote:
>> ***** WE'RE #1!!!!!!!!!!!! *****
>>
>> GM posts biggest annual US auto loss
>>
>> By DEE-ANN DURBIN, AP Auto Writer 21 minutes ago
>>
>> DETROIT - General Motors Corp. reported a $38.7 billion loss for
>> 2007 on Tuesday, the largest annual loss ever for an automotive
>> company,....
>>
>> For complete article see
>>
http://news.yahoo.com/s/ap/20080212/ap_on_bi_ge/earns_gm;_ylt=AitTHL1zotHV6fLEdC6k_D.s0NUE
>>
>>
>> Unka' George [George McDuffee]
>> -------------------------------------------
>> He that will not apply new remedies,
>> must expect new evils:
>> for Time is the greatest innovator: and
>> if Time, of course, alter things to the worse,
>> and wisdom and counsel shall not alter them to the better,
>> what shall be the end?
>>
>> Francis Bacon (1561-1626), English philosopher, essayist, statesman.
>> Essays, "Of Innovations" (1597-1625).
Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?
Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).
|
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Posted by rigger on February 12, 2008, 12:18 pm
Please log in for more thread options On Feb 12, 8:32=A0am, F. George McDuffee <gmcduf...@mcduffee-
associates.us> wrote:
> top posted
>
> Another example of what happens when you fail to heed the advice
> "when you are in a hole, the first thing to do is stop digging."
>
> Items that popped up immediately after I posted confirm the
> *TOTAL* buy-out offer.http://news.yahoo.com/s/nm/20080212/us_nm/gm_buyouts=
_dc_1
> =3D=3D=3D=3D=3D=3D=3D
> GM offers all U.S. union workers buyouts or retirement
> By David Bailey Tue Feb 12, 7:04 AM ET
> DETROIT (Reuters) - General Motors Corp will offer buyouts or
> early retirements to all 74,000 U.S. hourly workers represented
> by the United Auto Workers in a sweeping deal with the union
> intended to clear the way for GM to hire lower-cost replacements.
> <snip>
> =3D=3D=3D=3D=3D=3D=3D
>
> Also I just read that much of the "income" that limited (!!!!)
> the losses =A0was a tax credit. =A0(Looks like those tax rebates
> scale.)http://biz.yahoo.com/cnbc/080212/23123383.html?.v=3D1
> =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
> CNBC
> GM Earnings and the Surprise Tax Benefit
> Tuesday February 12, 8:36 am ET
> Shares of General Motors reversed course in pre-market trading
> Tuesday after enthusiasm about what looked like a surprise profit
> waned when the chief executive said it was unlikely analysts knew
> about a one-time tax benefit.
> <snip>
> But that number included a $1.6 billion tax benefit that Wagoner
> said analysts likely didn't take into account. Based on 567
> million shares outstanding, that would boost the bottom line by
> about $2.83 a share. On average, analysts predicted a loss of 55
> cents a share.
> <snip>
> =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
>
> If anyone needs further proof that the US economy is being run by
> manic-depressives and schizophrenics click onhttp://news.yahoo.com/s/nm/20=
080212/bs_nm/markets_stocks_dc_14
> =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
> Futures point to higher open on GM results
> Tue Feb 12, 7:13 AM ET
> NEW YORK (Reuters) - Stock index futures rose on Tuesday and were
> set to extend Monday's rebound from the past week's losses after
> General Motors (GM.N) reported higher-than-expected results and
> reached an agreement with the United Auto Workers union.
> =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
>
> Note to Reuters -- get your writers to leave their "bong" at
> home...
>
> ****************************************************
> On Tue, 12 Feb 2008 09:17:14 -0600, Louis Ohland
>
>
>
>
>
> >I'm hearing on the news that they have offered to buy out all 74,000
> >union line workers.
>
> >F. George McDuffee wrote:
> >> ***** WE'RE #1!!!!!!!!!!!! =A0*****
>
> >> =A0GM posts biggest annual US auto loss
>
> >> By DEE-ANN DURBIN, AP Auto Writer 21 minutes ago
>
> >> DETROIT - General Motors Corp. reported a $38.7 billion loss for
> >> 2007 on Tuesday, the largest annual loss ever for an automotive
> >> company,....
>
> >> For complete article see
> >>http://news.yahoo.com/s/ap/20080212/ap_on_bi_ge/earns_gm;_ylt=3DAitTHL1.=
..
>
> >> Unka' George [George McDuffee]
> >> -------------------------------------------
> >> He that will not apply new remedies,
> >> must expect new evils:
> >> for Time is the greatest innovator: and
> >> if Time, of course, alter things to the worse,
> >> and wisdom and counsel shall not alter them to the better,
> >> what shall be the end?
>
> >> Francis Bacon (1561-1626), English philosopher, essayist, statesman.
> >> Essays, "Of Innovations" (1597-1625).
>
> Unka' George [George McDuffee]
> -------------------------------------------
> He that will not apply new remedies,
> must expect new evils:
> for Time is the greatest innovator: and
> if Time, of course, alter things to the worse,
> and wisdom and counsel shall not alter them to the better,
> what shall be the end?
>
> Francis Bacon (1561-1626), English philosopher, essayist, statesman.
> Essays, "Of Innovations" (1597-1625).- Hide quoted text -
>
> - Show quoted text -
> ....clear the way for GM to hire lower-cost replacements.
Lower-cost replacements: Can you say "High speed transit
from Mexico?" Right down the new immigrant super-highway.
We're supposed to be fooled?
dennis
in nca
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Posted by Why on February 12, 2008, 12:35 pm
Please log in for more thread options >
>***** WE'RE #1!!!!!!!!!!!! *****
>
> GM posts biggest annual US auto loss
>
>By DEE-ANN DURBIN, AP Auto Writer 21 minutes ago
>
>DETROIT - General Motors Corp. reported a $38.7 billion loss for
>2007 on Tuesday, the largest annual loss ever for an automotive
>company,....
>
>For complete article see
>http://news.yahoo.com/s/ap/20080212/ap_on_bi_ge/earns_gm;_ylt=AitTHL1zotHV6fLEdC6k_D.s0NUE
Well Unka, if GM & all the others didn't make (jelly bean) cars that
all look the same (think back to the 50's & 60's). Like why should I
buy this car from (name here) the other (name here) looks the same.
As a kid I could name every car/truck I saw on the road & who made it,
now they are just Wal*Mart crap. I would only buy 1 new car the Dodge
Challenger, because it looks like a real "car", & I'm a chevy man for
40 years. But then I'm an old fart.
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>
> GM posts biggest annual US auto loss
>
> By DEE-ANN DURBIN, AP Auto Writer 21 minutes ago
>
> DETROIT - General Motors Corp. reported a $38.7 billion loss for
> 2007 on Tuesday, the largest annual loss ever for an automotive
> company,....
>
> For complete article see
>