Sales are up, but loses are up more. GM losses another 1 Billion and change for the QUARTER! With losses of more thatn 1 Billion each quarter for the longest run in history of the company, 6 straight quarters, things dont look good for GM. At this rate, with 20 Billion in cash, GM will be bank rupt in less than 5 years. Major changes need to be made at GM, and all auto makers for that matter. Ford is fairing only slightly better. Ford did eeeek out a profit, but it was only due in part ot the foreigh operations and BOTH companies make MORE money on car financing than on cars alone.

good read:
http://www.msnbc.msn.com/id/8641728/

trout

Remember well the days when the "Big Three" really laughed at the Japanese and European manufacturers as they tried to break into the U.S. market. Bigger problems are comming for them as China is just beginning to roll automotive wise. GM simply became too big a giant and slow to react to market changes. Maybe a case of becomming a bit leaner and meaner with the rank and file but not with the upper management crew.

GM is making a $hitload of money in China. It's their North American operations that are the big losers (poor selling,gas hungry SUV's and health care costs). GM can't move things over to china fast enough.-:t
Steve

Poor selling gas hungry SUV's? It seems to me that's what's been selling for them. I do agree with the benefit package bearing a huge burden though. The thing is it will be considered criminal when they dump the package to keep afloat. If they could only run their benefit package like the government has taken care of SSI... oops.... wrong example.

Saw some 2nd qtr info on Ford today- the posted losses also, just not as big.