GM's "best year?"Posted By David White |
david elosser said:
Now I could have sworn that I saw a GM commercial this morning claiming that GM just had their "best year on record." Did anyone else see that ad?
And then I see these stories today:
http://www.detroitnews.com/article/20120725/AUTO0103/207250447/1361/GM-stock-falls-to-new-low-on-Europe-woes
"The Detroit automaker has seen its share price tumble by more than 52 percent since it reached a high closing price in January 2011 of $38.90, just after going public in November 2010. The company has shed more than $30 billion in market capitalization over the last 18 months, and now is worth about $29 billion."
http://freebeacon.com/gm-still-42b-in-the-hole/
"Despite President Barack Obama’s stories about a resurgent GM ready to repay its bailout tab, the automaker and its former bank still owe taxpayers nearly $42 billion, according to an inspector general’s report."
David E
And how many parts and how much production has been or is still being outsourced since the Obama administration got their hands on GM? Oh, the shame of it all.