GM reports $2B profit ahead of its stock IPO

Full story: USA Today
Strong profits on new cars and trucks helped General Motors earn $2 billion in the third quarter, enhancing the company's appeal as it nears next week's initial public stock offering. Full Story
Gary

Bellingham, WA

#1 Nov 10, 2010
Thank you President Obama,
the greatest president since FDR.
mark harmon

Panama City, FL

#2 Nov 10, 2010
Gary wrote:
Thank you President Obama,
the greatest president since FDR.
dont thank him, thank the taxpayers!without them there would be no GM! I'll thank him when we get the 50 billion back, not until! I know Oduma is an idiot!
just candid

AOL

#3 Nov 10, 2010
Thanks to Pres Obama many thousands of US jobs were saved. Things would be much worse if we taxpayers haden't bailed them out.
With a IPO ready to go, one would not expect them to show a loss.:)
We can hope the IPO goes well, because selling their stock will help us taxpayers someday get our $ back.
mark harmon

Panama City, FL

#4 Nov 10, 2010
just candid wrote:
Thanks to Pres Obama many thousands of US jobs were saved. Things would be much worse if we taxpayers haden't bailed them out.
With a IPO ready to go, one would not expect them to show a loss.:)
We can hope the IPO goes well, because selling their stock will help us taxpayers someday get our $ back.
I hope you're right, and we do get our money back, but if factor all the breaks GM has received, I would guess over 200 billion,with abatements, with that said,if they cant make it now,there on there own! NO more bailouts!

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