Good news for GM...

BennyBeaver

Too big to fail.

General Motors just posted a hugely impressive profit gain for Q2 2016, including its first profit in Europe in five years. Still, the biggest boost came from the North American market and our insatiable demand for trucks and SUVs. Net income jumped 157 percent and profits more than doubled from last year.

Here’s the lowdown from Reuters:

The world’s third-largest automaker said it expects adjusted earnings before interest and taxes of $5.50 to $6.00 per share for 2016, up from a previous expectation of $5.25 to $5.75 per share.

Second-quarter net income rose to $2.87 billion, or $1.81 a share, from $1.1 billion, or 67 cents a share, a year ago. Factoring out a $100 million charge for legal costs, GM earned $1.86 a share in the latest quarter, well ahead of the $1.52 consensus forecast among analysts.

Trump's butt-buddy was against the bailout even though they have plants in Indi-fucking-ana.

Remember when Obama was elected and all the Republitards claim gas prices were going to skyrocket?

RaceBannon

TheGlove said:

Too big to fail.

General Motors just posted a hugely impressive profit gain for Q2 2016, including its first profit in Europe in five years. Still, the biggest boost came from the North American market and our insatiable demand for trucks and SUVs. Net income jumped 157 percent and profits more than doubled from last year.

Here’s the lowdown from Reuters:

The world’s third-largest automaker said it expects adjusted earnings before interest and taxes of $5.50 to $6.00 per share for 2016, up from a previous expectation of $5.25 to $5.75 per share.

Second-quarter net income rose to $2.87 billion, or $1.81 a share, from $1.1 billion, or 67 cents a share, a year ago. Factoring out a $100 million charge for legal costs, GM earned $1.86 a share in the latest quarter, well ahead of the $1.52 consensus forecast among analysts.

Truck Terrorists?

HuskyJW

Men drive trucks.

greenblood

TheGlove said:

Too big to fail.

General Motors just posted a hugely impressive profit gain for Q2 2016, including its first profit in Europe in five years. Still, the biggest boost came from the North American market and our insatiable demand for trucks and SUVs. Net income jumped 157 percent and profits more than doubled from last year.

Here’s the lowdown from Reuters:

The world’s third-largest automaker said it expects adjusted earnings before interest and taxes of $5.50 to $6.00 per share for 2016, up from a previous expectation of $5.25 to $5.75 per share.

Second-quarter net income rose to $2.87 billion, or $1.81 a share, from $1.1 billion, or 67 cents a share, a year ago. Factoring out a $100 million charge for legal costs, GM earned $1.86 a share in the latest quarter, well ahead of the $1.52 consensus forecast among analysts.

Trump's butt-buddy was against the bailout even though they have plants in Indi-fucking-ana.

Remember when Obama was elected and all the Republitards claim gas prices were going to skyrocket?

The same bail out that saved the same banks that bulked investors out of trillions of dollars, that bailout?

Gas prices dropped dramatically in 2009, then hit record prices in 2012. But I'm sure you already knew that.

The recent dip in oil prices can be explained with simple supply and demand. Iran and Saudi Arabia were pumping gas at record pace trying to temporarily decrease the price to run American oil fracking companies out of business. But I'm sure you already knew that too.

UWhuskytskeet

greenblood said:

TheGlove said:

Too big to fail.

General Motors just posted a hugely impressive profit gain for Q2 2016, including its first profit in Europe in five years. Still, the biggest boost came from the North American market and our insatiable demand for trucks and SUVs. Net income jumped 157 percent and profits more than doubled from last year.

Here’s the lowdown from Reuters:

The world’s third-largest automaker said it expects adjusted earnings before interest and taxes of $5.50 to $6.00 per share for 2016, up from a previous expectation of $5.25 to $5.75 per share.

Second-quarter net income rose to $2.87 billion, or $1.81 a share, from $1.1 billion, or 67 cents a share, a year ago. Factoring out a $100 million charge for legal costs, GM earned $1.86 a share in the latest quarter, well ahead of the $1.52 consensus forecast among analysts.

Trump's butt-buddy was against the bailout even though they have plants in Indi-fucking-ana.

Remember when Obama was elected and all the Republitards claim gas prices were going to skyrocket?

The same bail out that saved the same banks that bulked investors out of trillions of dollars, that bailout?

Gas prices dropped dramatically in 2009, then hit record prices in 2012. But I'm sure you already knew that.

The recent dip in oil prices can be explained with simple supply and demand. Iran and Saudi Arabia were pumping gas at record pace trying to temporarily decrease the price to run American oil fracking companies out of business. But I'm sure you already knew that too.

So the increase in 2012 was his fault, but the decrease in 2014-16 is not. Got it.

dflea

Jesus.

Supply and demand determine the price of gas??????

BennyBeaver

Domestic oil production has increased every year since 2008, yet the Republitards promised that Obama would shut down the domestic oil business in favor of green energy.

Kaepsknee

TheGlove said:

Too big to fail.

General Motors just posted a hugely impressive profit gain for Q2 2016, including its first profit in Europe in five years. Still, the biggest boost came from the North American market and our insatiable demand for trucks and SUVs. Net income jumped 157 percent and profits more than doubled from last year.

Here’s the lowdown from Reuters:

The world’s third-largest automaker said it expects adjusted earnings before interest and taxes of $5.50 to $6.00 per share for 2016, up from a previous expectation of $5.25 to $5.75 per share.

Second-quarter net income rose to $2.87 billion, or $1.81 a share, from $1.1 billion, or 67 cents a share, a year ago. Factoring out a $100 million charge for legal costs, GM earned $1.86 a share in the latest quarter, well ahead of the $1.52 consensus forecast among analysts.

Trump's butt-buddy was against the bailout even though they have plants in Indi-fucking-ana.

Remember when Obama was elected and all the Republitards claim gas prices were going to skyrocket?

Ummm... It wasn't until a year and a half ago that gas prices weren't 3-4 bucks per hour.

And Obama couldn't run a lemon aide stand profitably, so I'm not sure why you are giving him credit for a a quarter that GM does well. Of course youre too stupid to realize that the 2Q numbers are impressive only because every quarter(s) before that was a cash hemorraging shit show .


But if I were you I'd take any small victory I could find.

Kaepsknee

TheGlove said:

Domestic oil production has increased every year since 2008, yet the Republitards promised that Obama would shut down the domestic oil business in favor of green energy.

If Obama had his way, that's actually what would have happened. But thank god he had the political currency of a Mary's River bank dweller.

RaceBannon

TheGlove said:

Domestic oil production has increased every year since 2008, yet the Republitards promised that Obama would shut down the domestic oil business in favor of green energy.

No

He has blocked it where he can on fed land. He has wasted billions on green energy

Hillary promised the coal miners she was taking their jobs.

FO,G

allpurpleallgold

This thread sucks.