Car Manufacturers Posting Profits

Saab Ed

Recession , what recession! Even GM is posting profits these days. We'd better all get ready for the big turnaround cuase its closer than we think.

http://www.worldcarfans.com/110051826320/general-motors-back-in-the-black-with-865-million-quarterly

http://www.reuters.com/article/idUSTRE63O0KY20100427

http://www.nitrobahn.com/news/nissan-bullish-on-future-profit-prospects/

http://in.reuters.com/article/businessNews/idINIndia-48100520100429

http://www.livetradingnews.com/toyota-profits-despite-the-recalls-13348.htm

Dont be listening to the doom and gloom merchants, if car makers can make money then there's hope for everyone.

JHMEG

GM were bailed out by the govt. GM posting a profit is akin to Anglo Irish Bank posting a profit. It's all an illusion.

Shane732

Saab Ed wrote: »

Recession , what recession! Even GM is posting profits these days. We'd better all get ready for the big turnaround cuase its closer than we think.

Dont be listening to the doom and gloom merchants, if car makers can make money then there's hope for everyone.

HAHAHAHAHAHAHAHAHA

Saab Ed

JHMEG wrote: »

GM were bailed out by the govt. GM posting a profit is akin to Anglo Irish Bank posting a profit. It's all an illusion.

Yeah but thats kinda missing the point. They got bailed out last year because last year was sh!t. They're making money this year because this year isn't sh!t.

If they make a profit for the next 100 years is it all still an illusion!

Anyway that doesn't account for every other manufacturer that's making money and dont forget , Ford got Fu*k all of that bail out money and they're making money too

JHMEG

Saab Ed wrote: »

Yeah but thats kinda missing the point. They got bailed out last year because last year was sh!t. They're making money this year because this year isn't sh!t.

Some motor companies didn't post a loss, even when it was sh!t.

mickdw

Porsche nearly took over the world by playing the markets. Making cars was only a sideline. That was certainly an illusion. Dont know how they are doing now.

JHMEG

Porsche reported record results for their financial year end July 2008. Porsche are like Apple tho.. people will buy everything they produce as long as it's shiny and looks good.

alias no.9

Saab Ed wrote: »

Yeah but thats kinda missing the point. They got bailed out last year because last year was sh!t. They're making money this year because this year isn't sh!t.

If they make a profit for the next 100 years is it all still an illusion!

Anyway that doesn't account for every other manufacturer that's making money and dont forget , Ford got Fu*k all of that bail out money and they're making money too

GM made profits because they were cut loose from the debts that they incurred for the capital investment that they've used to produce the goods that they're now selling to make a profit. A huge chunk of the 'cost of sales' has been removed from the balance sheet. It is an illusion.

robbie99

JHMEG wrote: »

Porsche reported record results for their financial year end July 2008. Porsche are like Apple tho.. people will buy everything they produce as long as it's shiny and looks good.

mickdw wrote: »

Porsche nearly took over the world by playing the markets. Making cars was only a sideline. That was certainly an illusion. Dont know how they are doing now.

Porsche profits came from manipulating the market and betting on VAG stock while attempting to takeover VAG, a bit like Anglo Irish with Irish Property. Where are Porsche now? Bust. VAG took them over. A spectacular own goal by Porsche.

Saab Ed

alias no.9 wrote: »

GM made profits because they were cut loose from the debts that they incurred for the capital investment that they've used to produce the goods that they're now selling to make a profit. A huge chunk of the 'cost of sales' has been removed from the balance sheet. It is an illusion.

But what about the rest of them?

JHMEG

robbie99 wrote: »

Porsche profits came from manipulating the market and betting on VAG stock while attempting to takeover VAG, a bit like Anglo Irish with Irish Property. Where are Porsche now? Bust. VAG took them over. A spectacular own goal by Porsche.

In its efforts to acquire a majority holding in Volkswagen AG, Porsche built up a large debt burden, aggravated by taxes due on very large paper profits from Volkswagen AG options. By July 2009, Porsche was faced with debts exceeding 10 billion euros. The supervisory board of Porsche finally agreed to a number of arrangements whereby the Qatar Investment Authority would inject a large amount of capital, and Porsche would be merged with Volkswagen Group.