that might be part of it though. 
Ford vs GM
Post Fiend
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From: Damascus-Boring, Ore
It's complicated- isn't it always with big corporations? In GM's case, it's poured over $30 billion (with a capital "B") into it's pension and healthcare fund- but it's still underwater $54 Billion. What's more the healthcare side of that obligation is growing at a better-than-10% clip. This particular quarter, lowered revenues (thank generous rebates) and one-time charges in Europe caused the largest portion of the loss.
Things were a little better over at Ford, but the Company is calling for a breakeven-to-loss for next quarter. It's all a matter of scale- Ford pays out about $3.1 Billion in healthcare, less that GM's $6 Billion, but not cheap either. The big question is whether Ford will get frustrated with GM's attempts to gain market by slashing prices, and follow into the fray. That would have a negative impact on earnings as well.
Things were a little better over at Ford, but the Company is calling for a breakeven-to-loss for next quarter. It's all a matter of scale- Ford pays out about $3.1 Billion in healthcare, less that GM's $6 Billion, but not cheap either. The big question is whether Ford will get frustrated with GM's attempts to gain market by slashing prices, and follow into the fray. That would have a negative impact on earnings as well.
Postmaster
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From: Marion, VA
I think you've got to be careful when comparing quarterly results. The corporations manipulate the results by changing when they post losses or gains from sales of other assets and when the take a charge for various expenses. The books are somewhat "cooked" to make their situation appear better than it actually is.
Post Fiend
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From: Damascus-Boring, Ore
The books are somewhat "cooked" to make their situation appear better than it actually is.
Yep- or worse, as the case may be. sometimes, when a quarter looks to be ugly no matter what happens, they throw everything bad at it all at once. Get's all of the bad news out in one fell swoop.
Yep- or worse, as the case may be. sometimes, when a quarter looks to be ugly no matter what happens, they throw everything bad at it all at once. Get's all of the bad news out in one fell swoop.
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From: Winnipeg, Manitoba
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Posting Guru
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oh so if my math is right, they would have been .9 Billion dollar to the good. leaving them only a small (LOL) .3 billion behind ford.
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Posting Guru
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No they just sat back and 
about who's fault it was or who's great idea it was and whether or not that person should have actually lost their job over it.
I am sure the internal works of GM higher up have to work about like a soap opera right now.
about who's fault it was or who's great idea it was and whether or not that person should have actually lost their job over it.I am sure the internal works of GM higher up have to work about like a soap opera right now.
Post Fiend
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From: nebraska
Well Fords got two hot products on the market now. F series and Mustang. Those 2 products are selling extremly well without much rebates. GMs making less money per vehicle then Ford right now. GM has to put on huge rebates on there trucks to move them. As well as cars. Ive heard the car 500 is selling well with out rebates. GM has had some serious quality issues with there vehicles that has definitly hurt them overall. And these gas prices sure havent helped either.
Post Fiend
Joined: Feb 2004
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From: Damascus-Boring, Ore
150ford Well Fords got two hot products on the market now. F series and Mustang. Those 2 products are selling extremly well without much rebates. GMs making less money per vehicle then Ford right now. GM has to put on huge rebates on there trucks to move them. As well as cars. Ive heard the car 500 is selling well with out rebates. Even though GM has resolved their prior quality issues, and ranks as the top domestic manufacturer for build quality, sales softness persists.. And these gas prices sure havent helped either.
There...fixed!
There...fixed!