Auto Industry

[masanis]

So GM posts record losses and Toyota has a profit increase yet again

Comments

[anonymous]

From what I understand, most of that record loss is just on paper. What I was hearing was that it was more indicative of how bad GM was doing in the past as opposed to now. Not that this means any of our points are wrong, but the company is not doing all THAT bad.

[chemjon]

Shit, that was me.

[masanis]

Yeah, but a loss is a loss. What they had been doing was using tax credits to basically make their losses not look so bad overall. While it speaks mostly to the way they *were* doing business, it has an impact on the present because a loss scares away shareholders.

[omgtehbets]

Hey! I've decided I need a hard-core workout partner now. My sedentary lifestyle needs more exercise to bolster my health.

I pretty much make my own schedule, so just tell me the time and the place and I'm there for all your sagely exer-advice. Exervice.