Gas Prices: Who's to Blame? - Page 10

classicman · 08-02-2008, 11:54 AM

GM Has $15.5 Billion Loss on U.S. Sales Drop, Leases (Update4)

Quote:

General Motors Corp. reported a second-quarter loss of $15.5 billion, the third biggest in its 100-year history, because of plunging U.S. sales and the declining value of truck leases. The shares fell as much as 11 percent.

The deficit of $27.33 a share compares with a profit of $891 million, or $1.56, a year earlier. Excluding costs GM considers one-time, the per-share loss was 4 times bigger than analysts projected. Labor strikes contributed to a $9.9 billion drop in North American revenue, and sales worldwide tumbled 18 percent to $38.2 billion.

The results step up pressure on Chief Executive Officer Rick Wagoner, 55, to show he can revive the largest U.S. automaker. Wagoner, in his ninth year as CEO, has posted $69.8 billion in losses since 2004 and is trying to raise as much as $17 billion in cash while speeding the development of fuel-saving cars to replace the sport-utility vehicles being shunned by U.S. buyers.

``They really need those external fund-raising measures to get through to 2010,'' said Brian Johnson, a Chicago-based Lehman Brothers analyst, in a Bloomberg Television interview. ``We cannot count on an economic rebound.''

lookout123 · 08-02-2008, 03:15 PM

OK tw, we get it... wait - Classic?

lookout123 · 08-02-2008, 03:16 PM

I filled up the gas tank in that little ford focus I bought. I went 352 miles on 9.8 gallons. In the city.

Not sure about the 70 HP/L though.

classicman · 08-02-2008, 05:08 PM

Quote:

Originally Posted by lookout123

OK tw, we get it... wait - Classic?

Again, I figured I'd save us all another 2000 word post - thats all.

It was an interesting read too - lotta info. I found some of the numbers a little confusing to me though. Its like I need something to relate them to, otherwise they aren't as relevant. Like they posted the 3rd largest loss in it 100 year history. Well could they do that in $% so it means more to me.

Also, I noticed the foreign car company #'s were posted in % instead of $$$. Seems to have more meaning that way. Thoughts? Opinions?

skysidhe · 08-02-2008, 05:31 PM

I voted for:

Market speculators
Oil companies
aided by
US Automakers
US government/lawmakers

elSicomoro · 08-02-2008, 11:21 PM

Quote:

Originally Posted by lookout123

Not sure about the 70 HP/L though.

Exactly 70hp/L. The new North American Focuses have a 2.0 L engine that produces 140hp.

Hey, do you have SYNC and the optional ambient lighting in yours?

lookout123 · 08-03-2008, 02:00 PM

Quote:

Originally Posted by sycamore

Exactly 70hp/L. The new North American Focuses have a 2.0 L engine that produces 140hp.

Hey, do you have SYNC and the optional ambient lighting in yours?

wow, too bad that technology is decades old...

anyway, yes I do have the SYNC system and so far am enjoying it to the point that i haven't even plugged my iPod in yet as I'm just using a memory stick to see the features the SYNC has within it. The phone mic and speakers work well too. Ambient lighting I'm not sure about, I haven't noticed a lava lamp if that's what you mean.

classicman · 04-19-2010, 02:00 PM

- Bump -

Here we go again.
I guess we are making some type of dent on the terrorist front - Apparently they need more money.
Gas prices to top $3.00 this summer.

TheMercenary · 04-20-2010, 05:49 PM

The higher prices go the more people are motivated to make changes. I hope it goes to $5.00 a gallon.

HungLikeJesus · 04-20-2010, 08:46 PM

I agree. It would be better if gas prices were maintained at $5/gallon. It's the up and down that causes distress.

Shawnee123 · 04-21-2010, 08:37 AM

Really. Fuck the working stiffs. They'll figure it out.

Elitist.

classicman · 04-21-2010, 11:16 AM

What do I care if my weekly gas bill changes from 45 to 90 a week? Its only another .... $200 a month. I'll just take that outta my... uh... my... well actually I have nowhere to take that from. Now what?

I guess I can tell my boss that I cannot afford to go to work anymore and therefore lose my job and go on unemployment.

Spexxvet · 04-21-2010, 11:18 AM

Quote:

Originally Posted by classicman

What do I care if my weekly gas bill changes from 45 to 90 a week? Its only another .... $200 a month. I'll just take that outta my... uh... my... well actually I have nowhere to take that from. Now what?

Giving $5 blow jobs in North Philly.

Hey, it's 100% profit! And I know somebody with some semen recipes.

Shawnee123 · 04-21-2010, 11:20 AM

Quote:

Originally Posted by classicman

What do I care if my weekly gas bill changes from 45 to 90 a week? Its only another .... $200 a month. I'll just take that outta my... uh... my... well actually I have nowhere to take that from. Now what?

I guess I can tell my boss that I cannot afford to go to work anymore and therefore lose my job and go on unemployment.

Exactly.

Mr Money doesn't care, though. Wonder what kind of gas-sucker he drives? Wonder if 5 dollar gas will motivate him to trade it in? Pitching in for the future of the world, or looking out for Number 1, as usual?

Undertoad · 04-21-2010, 11:22 AM

This is a standard seasonal bump and prices will similarly decline in September.

View Poll Results: Who is to blame for recent gas price increases?
Market speculators	14	40.00%
Oil companies	13	37.14%
Oil producing countries	8	22.86%
China	10	28.57%
US Automakers	9	25.71%
Lack of refining capacity	10	28.57%
US government/lawmakers	11	31.43%
The Federal Reserve	7	20.00%
Dark Markets	4	11.43%
TheMercenary	7	20.00%
US Consumers	12	34.29%
Other	13	37.14%
Multiple Choice Poll. Voters: 35. You may not vote on this poll

08-02-2008, 03:15 PM	#137
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	OK tw, we get it... wait - Classic? __________________ Getting knocked down is no sin, it's not getting back up that's the sin

08-02-2008, 03:16 PM	#138
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	I filled up the gas tank in that little ford focus I bought. I went 352 miles on 9.8 gallons. In the city. Not sure about the 70 HP/L though. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

04-19-2010, 02:00 PM	#143
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	- Bump - Here we go again. I guess we are making some type of dent on the terrorist front - Apparently they need more money. Gas prices to top $3.00 this summer. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

04-20-2010, 08:46 PM	#145
HungLikeJesus Only looks like a disaster tourist Join Date: Feb 2007 Location: above 7,000 feet Posts: 7,208	I agree. It would be better if gas prices were maintained at $5/gallon. It's the up and down that causes distress. __________________ Keep Your Bodies Off My Lawn SteveDallas's Random Thread Picker.

08-02-2008, 05:31 PM	#140
skysidhe ~~Life is either a daring adventure or nothing.~~ Join Date: Apr 2006 Posts: 6,828	I voted for: Market speculators Oil companies aided by US Automakers US government/lawmakers

04-20-2010, 05:49 PM	#144
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	The higher prices go the more people are motivated to make changes. I hope it goes to $5.00 a gallon.

04-21-2010, 08:37 AM	#146
Shawnee123 Why, you're a regular Alfred E Einstein, ain't ya? Join Date: Jun 2006 Posts: 21,206	Really. Fuck the working stiffs. They'll figure it out. Elitist. __________________ A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby

04-21-2010, 11:16 AM	#147
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	What do I care if my weekly gas bill changes from 45 to 90 a week? Its only another .... $200 a month. I'll just take that outta my... uh... my... well actually I have nowhere to take that from. Now what? I guess I can tell my boss that I cannot afford to go to work anymore and therefore lose my job and go on unemployment. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

04-21-2010, 11:22 AM	#150
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	This is a standard seasonal bump and prices will similarly decline in September.

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