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GasBuddy News Article

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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


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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
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bojiway1
Champion Author Minnesota

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Message Posted: Apr 30, 2014 11:46:41 PM

Good luck
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honda0105
Champion Author Tallahassee

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Message Posted: May 8, 2012 5:37:27 AM

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

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Message Posted: May 6, 2012 5:09:33 PM

Sell them while you can.
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honda0105
Champion Author Tallahassee

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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.
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tomok
Champion Author Portland

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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!
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kgbellman
Champion Author Ann Arbor

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Message Posted: May 6, 2012 12:55:33 AM


Things are turning around
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ammamama13
Rookie Author California

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Message Posted: May 6, 2012 12:41:08 AM

ok
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tedjm1
Champion Author New York

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Message Posted: May 6, 2012 12:36:29 AM

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

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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]
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chuckwthompson
Champion Author Charlotte

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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!
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miser709
Champion Author Grand Rapids

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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.
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GasholeMI
Champion Author Lansing

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Message Posted: May 6, 2012 12:30:20 AM

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

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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.
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jdc17327
Champion Author Pennsylvania

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Message Posted: May 6, 2012 12:28:31 AM

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

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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.
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Rageagainsttm
Champion Author Tampa

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Message Posted: May 6, 2012 12:27:56 AM

nice
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Zonk
Champion Author Michigan

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Message Posted: May 6, 2012 12:24:40 AM

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

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Message Posted: May 6, 2012 12:24:29 AM

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

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Message Posted: May 6, 2012 12:23:41 AM

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

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Message Posted: May 6, 2012 12:22:50 AM

great!
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frostyWV
Champion Author West Virginia

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Message Posted: May 6, 2012 12:22:17 AM

good
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bobdec
Champion Author Miami

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Message Posted: May 6, 2012 12:22:11 AM

About time
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LCSTEELERBOB
Champion Author Gary

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Message Posted: May 6, 2012 12:21:29 AM

GOOD
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jem069
Champion Author Detroit

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Message Posted: May 6, 2012 12:21:02 AM

Ok
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BobD2009
Champion Author Long Island

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Message Posted: May 6, 2012 12:18:22 AM

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

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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.
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crreed1
Champion Author West Virginia

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Message Posted: May 6, 2012 12:15:50 AM

good
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pyndasky
Champion Author Maryland

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Message Posted: May 6, 2012 12:14:35 AM

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

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Message Posted: May 6, 2012 12:13:26 AM

ok
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jetskijerry
Champion Author North Carolina

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Message Posted: May 6, 2012 12:13:26 AM

I hope Ford does the best!
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TIGERPAW46
Champion Author Florida

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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]
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jetskijerry
Champion Author North Carolina

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Message Posted: May 6, 2012 12:12:49 AM

Good to see it.
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cmsense
Champion Author Columbus

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Message Posted: May 6, 2012 12:12:32 AM

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

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Message Posted: May 6, 2012 12:12:27 AM

Ok
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big_mac64
Champion Author Tennessee

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Message Posted: May 6, 2012 12:12:17 AM

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

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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!
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JCS319
Champion Author Tacoma

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Message Posted: May 6, 2012 12:11:25 AM

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

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Message Posted: May 6, 2012 12:11:25 AM

ok
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Fitwit
Champion Author Stockton

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Message Posted: May 6, 2012 12:11:16 AM

Sounds like some good news.
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TheSicilian
Champion Author Jacksonville

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Message Posted: May 6, 2012 12:09:04 AM

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

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Message Posted: May 6, 2012 12:08:57 AM

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

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Message Posted: May 6, 2012 12:08:29 AM

share the wealth.
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regout
Champion Author Quebec

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Message Posted: May 6, 2012 12:08:19 AM

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

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Message Posted: May 6, 2012 12:07:33 AM

Better management and less skimming.
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Quick68
Champion Author Columbus

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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.
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cmsense
Champion Author Columbus

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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.
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joel27nc
Champion Author Raleigh

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Message Posted: May 6, 2012 12:04:44 AM

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

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Message Posted: May 6, 2012 12:02:47 AM

OK
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USCCRN
Sophomore Author Long Island

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Message Posted: May 5, 2012 11:59:41 PM

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

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Message Posted: May 5, 2012 11:59:17 PM

We shall see.
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