Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:33 AM

GasBuddy News Article

38
votes
Detroit's Big Three automakers surge on U.S. sales to beat estimates

Tampa Bay Times -- SOUTHFIELD, Mich.— Just three years ago, two Detroit automakers headed for bankruptcy and a third suffered record losses. Now North America has become a money machine for the Detroit Three, which earned $4.5 billion there in the first quarter on surging U.S. sales.

General Motors, Ford and Chrysler Group exceeded estimates with first quarter net income that totaled $3.2 billion. The most pleasant surprise was healthy North American operating margins of 11.5 percent at Ford, 7 percent at GM and 4.5 percent at Chrysler. Even combined losses of $405 million in Europe for GM and Ford were better than analysts anticipated from a region in an intractable financial crisis.

Such pleasant surprises would have been unimaginable in 2009 as GM and Chrysler filed Chapter 11 and Ford was coming of


Read the Full Article

Submitted May 05, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Detroit's Big Three automakers surge on U.S. sales to beat estimates Back to Topics
REPLIES (newest first) Post a Reply
bojiway1
Champion Author Minnesota

Posts:5,337
Points:1,301,135
Joined:Dec 2011
Message Posted: Apr 30, 2014 11:46:41 PM

Good luck
honda0105
Champion Author Tallahassee

Posts:24,340
Points:2,444,365
Joined:Nov 2008
Message Posted: May 8, 2012 5:37:27 AM

at the rate fuel is going, might not be able to sell that much longer.
52MPG
Champion Author Dayton

Posts:10,646
Points:2,553,725
Joined:Apr 2006
Message Posted: May 6, 2012 5:09:33 PM

Sell them while you can.
honda0105
Champion Author Tallahassee

Posts:24,340
Points:2,444,365
Joined:Nov 2008
Message Posted: May 6, 2012 8:12:01 AM

cm: sad part is, Faux Noise has brainwashed way more people than we will ever know.
tomok
Champion Author Portland

Posts:46,822
Points:3,175,210
Joined:Aug 2006
Message Posted: May 6, 2012 3:13:00 AM

Big three automakers surge on US sales to beat estimates? One automaker has got the message, the other two would not exist without massive taxpayer money. And, the taxpayers will probably never be paid back for their rescue efforts.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible!
The price of fuel at the pump is too high!
12/22/2012!
kgbellman
Champion Author Ann Arbor

Posts:6,067
Points:1,566,220
Joined:Mar 2011
Message Posted: May 6, 2012 12:55:33 AM


Things are turning around
ammamama13
Sophomore Author California

Posts:101
Points:117,485
Joined:May 2011
Message Posted: May 6, 2012 12:41:08 AM

ok
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: May 6, 2012 12:36:29 AM

Yes, pay us back. Obama, sell the stock when the price is right (NOT LOW)
cmsense
Champion Author Columbus

Posts:1,358
Points:165,345
Joined:Jan 2012
Message Posted: May 6, 2012 12:33:06 AM

Still residing under that rock? They've been repaying these loans.You'll have an IQ leap of 50 points when you quit watching Fixed Noise for your talking points.

[Edited by: cmsense at 5/6/2012 12:34:18 AM EST]
chuckwthompson
Champion Author Charlotte

Posts:7,170
Points:1,414,560
Joined:Sep 2011
Message Posted: May 6, 2012 12:32:03 AM

Now if GM & Chrysler could just pay back Americans all the money Obama stole from us to give them!
miser709
Champion Author Grand Rapids

Posts:1,278
Points:1,814,175
Joined:Mar 2004
Message Posted: May 6, 2012 12:31:56 AM

This could make a good profit for the US Gov't if the sell the stock at the right time.
GasholeMI
Champion Author Lansing

Posts:13,377
Points:2,472,495
Joined:Jul 2008
Message Posted: May 6, 2012 12:30:20 AM

Great, now they can pay back the US taxpayer.
58salty
Champion Author Jacksonville

Posts:75,420
Points:960,140
Joined:Aug 2011
Message Posted: May 6, 2012 12:28:38 AM

It would be real American of the ones that took the bail out money to pay it back. ANY payback would help the gross over spending of this administration.

OH, Sorry, I forgot, it was Mr Bush that is to blame.
jdc17327
Champion Author Pennsylvania

Posts:2,648
Points:204,255
Joined:May 2009
Message Posted: May 6, 2012 12:28:31 AM

great...but is there really a future for anything these days?
TIGERPAW46
Champion Author Florida

Posts:10,596
Points:2,151,930
Joined:Mar 2004
Message Posted: May 6, 2012 12:28:11 AM

If you want to criticize Romney about the Bailout money wasted. Remember after wasting our tax money the Whitehouse & et al told them to claim bankruptcy anyway, which they could have done to begin with. Then worse Washington helped force the sell of both GM & Chrysler to foreign Companies. Ones who bring in their own employees from their own companies to fill most of the higher paying positions, hiring far less US citizens & mainly in the lower paying positions. Also in addition to more Salaries going to foreign employees any profits now go to foreign company owners. So Whoopee if they are temporarily doing better, If they even truly are & this isn't just another series of twisting numbers to deceive the Public.
Rageagainsttm
Champion Author Tampa

Posts:11,489
Points:2,693,555
Joined:Jul 2007
Message Posted: May 6, 2012 12:27:56 AM

nice
Zonk
Champion Author Michigan

Posts:9,838
Points:2,909,100
Joined:Oct 2005
Message Posted: May 6, 2012 12:24:40 AM

If auto sales mature as planned, there will be celebrating in Detroit.
papa56NC
All-Star Author North Carolina

Posts:725
Points:142,760
Joined:Apr 2012
Message Posted: May 6, 2012 12:24:29 AM

Gid-r-dun then!!!
TFzoom
Champion Author Chicago

Posts:1,348
Points:1,620,950
Joined:Jun 2008
Message Posted: May 6, 2012 12:23:41 AM

The article says "Surge" I don't believe they mean share price.
gus8441
Champion Author Baltimore

Posts:3,744
Points:1,198,955
Joined:Feb 2012
Message Posted: May 6, 2012 12:22:50 AM

great!
frostyWV
Champion Author West Virginia

Posts:2,340
Points:521,130
Joined:May 2011
Message Posted: May 6, 2012 12:22:17 AM

good
bobdec
Champion Author Miami

Posts:12,133
Points:2,542,570
Joined:May 2008
Message Posted: May 6, 2012 12:22:11 AM

About time
LCSTEELERBOB
Champion Author Gary

Posts:3,537
Points:886,655
Joined:Oct 2008
Message Posted: May 6, 2012 12:21:29 AM

GOOD
jem069
Champion Author Detroit

Posts:4,585
Points:1,322,960
Joined:Jan 2011
Message Posted: May 6, 2012 12:21:02 AM

Ok
BobD2009
Champion Author Long Island

Posts:10,342
Points:2,039,715
Joined:Apr 2009
Message Posted: May 6, 2012 12:18:22 AM

I'll stick with Ford.
DEG
Champion Author Las Vegas

Posts:20,892
Points:4,280,855
Joined:Jul 2003
Message Posted: May 6, 2012 12:16:31 AM

Good for the auto industry. I'd still never buy another GM nor Chrysler vehicles since they stole from the American taxpayers. it would be good to see the UAW go the way of the dinosaur.
crreed1
Champion Author West Virginia

Posts:5,166
Points:3,251,310
Joined:May 2005
Message Posted: May 6, 2012 12:15:50 AM

good
pyndasky
Champion Author Maryland

Posts:13,531
Points:2,596,080
Joined:May 2008
Message Posted: May 6, 2012 12:14:35 AM

let's hope it can be sustained
umitb
Champion Author Indianapolis

Posts:6,574
Points:1,523,455
Joined:Apr 2010
Message Posted: May 6, 2012 12:13:26 AM

ok
jetskijerry
Champion Author North Carolina

Posts:7,189
Points:1,569,760
Joined:Mar 2011
Message Posted: May 6, 2012 12:13:26 AM

I hope Ford does the best!
TIGERPAW46
Champion Author Florida

Posts:10,596
Points:2,151,930
Joined:Mar 2004
Message Posted: May 6, 2012 12:12:58 AM

I sure don't see any economic boost anywhere else. The hiring was down past two months according to the experts. Even if the Auto industry improved some it's too bad GM & Chrysler were sold out to Foreign Companies. Which means more of any money made will go overseas than before. They still use as much foreign made as before but now additional income salary goes to foreign employees & any profit to the Foreign owners so Hooray we gave more money to another Country. Oddly enough however, Toyota is making more vehicles within the USA now than previous.

So I guess that means if you want more of your money spent on vehicles, purchased from the prior top four, to stay in the USA you have to buy from Ford Or Toyota.

[Edited by: TIGERPAW46 at 5/6/2012 12:14:22 AM EST]
jetskijerry
Champion Author North Carolina

Posts:7,189
Points:1,569,760
Joined:Mar 2011
Message Posted: May 6, 2012 12:12:49 AM

Good to see it.
cmsense
Champion Author Columbus

Posts:1,358
Points:165,345
Joined:Jan 2012
Message Posted: May 6, 2012 12:12:32 AM

Oh, BTW, for the skeptics- NO,THIS WON'T BE REPORTED ON FIXED NOISE.
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:779,635
Joined:Dec 2010
Message Posted: May 6, 2012 12:12:27 AM

Ok
big_mac64
Champion Author Tennessee

Posts:11,259
Points:1,695,585
Joined:May 2005
Message Posted: May 6, 2012 12:12:17 AM

Notice folks...Ford is the only one to NOT take bailout money!!!!
rawdog1313
Champion Author Lexington

Posts:4,878
Points:2,063,495
Joined:May 2008
Message Posted: May 6, 2012 12:11:55 AM

Wow, the Mitt wanted to let them fail! I'm just saying the GOP is not for Country First!
JCS319
Champion Author Tacoma

Posts:29,376
Points:3,355,735
Joined:Dec 2005
Message Posted: May 6, 2012 12:11:25 AM

Yeah, and that idiot Romney wanted to let Detroit go bankrupt. Obama in 2012!
HKL
All-Star Author Wilmington

Posts:639
Points:359,430
Joined:Oct 2010
Message Posted: May 6, 2012 12:11:25 AM

ok
Fitwit
Champion Author Stockton

Posts:9,516
Points:2,088,805
Joined:May 2009
Message Posted: May 6, 2012 12:11:16 AM

Sounds like some good news.
TheSicilian
Champion Author Jacksonville

Posts:8,769
Points:2,312,430
Joined:Feb 2009
Message Posted: May 6, 2012 12:09:04 AM

good now if only more people had jobs so they could buy cars
jrschl
Champion Author Louisville

Posts:6,366
Points:1,498,590
Joined:Jun 2011
Message Posted: May 6, 2012 12:08:57 AM

I only believe about a 1/3 of this article.
heartbroken2010
Champion Author Ottawa

Posts:7,718
Points:1,711,010
Joined:Aug 2010
Message Posted: May 6, 2012 12:08:29 AM

share the wealth.
regout
Champion Author Quebec

Posts:6,205
Points:1,615,555
Joined:May 2010
Message Posted: May 6, 2012 12:08:19 AM

If it's real, it's ok.
mabrams184
Champion Author Lexington

Posts:4,248
Points:1,312,305
Joined:Aug 2011
Message Posted: May 6, 2012 12:07:33 AM

Better management and less skimming.
Quick68
Champion Author Columbus

Posts:12,887
Points:2,041,525
Joined:Dec 2009
Message Posted: May 6, 2012 12:06:39 AM

I don't believe this article. They will say anything now just to keep the people happy.
cmsense
Champion Author Columbus

Posts:1,358
Points:165,345
Joined:Jan 2012
Message Posted: May 6, 2012 12:05:14 AM

Now, this time, unlike the 70's, auto MANAGEMENT and DESIGNERS need to bring efficient WELL BUILT autos to the American market.The American workforce has given ENOUGH concessions due to INEPT MANAGEMENT.No one forgot the Pinto's and Vega's.
joel27nc
Champion Author Raleigh

Posts:13,943
Points:2,693,420
Joined:Mar 2008
Message Posted: May 6, 2012 12:04:44 AM

Great! How about making them affordable!
emptypockets2008
Champion Author Michigan

Posts:14,725
Points:1,393,905
Joined:Sep 2008
Message Posted: May 6, 2012 12:02:47 AM

OK
USCCRN
Sophomore Author Long Island

Posts:145
Points:106,640
Joined:Mar 2012
Message Posted: May 5, 2012 11:59:41 PM

This is great, the economy is becoming better.
FlyNFool
Champion Author South Carolina

Posts:11,543
Points:2,519,270
Joined:Aug 2008
Message Posted: May 5, 2012 11:59:17 PM

We shall see.
crashintuc34
Champion Author Tucson

Posts:5,707
Points:1,146,235
Joined:May 2010
Message Posted: May 5, 2012 11:58:47 PM

Good news.
Post a reply Back to Topics