My My My 15.5 billion loss

On Aug 1, 5:27 pm, Jeff <jeff.....DeleteThis@gmail.com> wrote:
> On Aug 1, 7:51 am, Fat Moe <Fat....DeleteThis@BubbleWorld.Com> wrote:
>
> > GM posts $15.5 billion 2nd-quarter loss or 27.33 per share,
> > Incredible! This was a widows and orphans company, now this company
> > is about bankrupthttp://biz.yahoo.com/ap/080801/earns_gm.html
>
> Why did they have such big losses, though?

If you fail to plan plan to fail ...
 >> Stay informed about: My My My 15.5 billion loss 

Wrong product mix? Legacy costs? Decades of unreliable products? And
strong headwind (gas and material prices) during their current
turnaround?

I do think GM has great engineering if they just let the ideas out
from the labs into their products at a competitive price. Did you
check out the design of the audio and climate controls in many GM
cars? It should be apparent that the designers never used iPods or
iPhones.



On Aug 1, 3:27 pm, Jeff <jeff.....DeleteThis@gmail.com> wrote:
> On Aug 1, 7:51 am, Fat Moe <Fat....DeleteThis@BubbleWorld.Com> wrote:
>
> > GM posts $15.5 billion 2nd-quarter loss  or 27.33 per share,
> >    Incredible!  This was a widows and orphans company, now this company
> > is about bankrupthttp://biz.yahoo.com/ap/080801/earns_gm.html
>
> Why did they have such big losses, though?
 >> Stay informed about: My My My 15.5 billion loss 

Fat Moe wrote:

> GM posts $15.5 billion 2nd-quarter loss or 27.33 per share,
> Incredible! This was a widows and orphans company, now this company
> is about bankrupt
> http://biz.yahoo.com/ap/080801/earns_gm.html

What's GM's cash flow? Because if it's anything close to their
losses, then GM could burn through its cash reserve in less than two
years and then have to declare bankruptcy.

How can auto makers with higher debt and labor costs and factories
that are less efficient and less flexible be expected to compete
against companies like Toyota and Honda in the long term, especially
when they invest less on new cars and factories?
 >> Stay informed about: My My My 15.5 billion loss