GM soars 4.1% as Lou Woodhill, writing in Forbes, suggests the company - still with inferior...

GM soars 4.1% as Lou Woodhill, writing in Forbes, suggests the company - still with inferior products - is headed for bankruptcy again. Market share continues to fall - 18% through July of this year vs. 20% a year ago - meaning the company continues to lose cost-competitiveness. At some point, it will no longer have the resources to recover, he argues.
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Comments (13)
  • montanamark
    , contributor
    Comments (1455) | Send Message
    LOL resources? where do you think its money and business are coming from now - uncle sam; its resource is the american taxpayer
    16 Aug 2012, 12:20 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
    UAW Bailout: The Sequel coming right up.
    16 Aug 2012, 12:21 PM Reply Like
  • mfritz095
    , contributor
    Comments (21) | Send Message
    I don't understand the share price going up 4.1%. Is heading for bankruptcy a good thing? Actually I thought GM products were vastly improved over years past. Oh well. I would think that Hyundia and Kia are big players in the loss of market share.
    16 Aug 2012, 12:23 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
    Obama's got their back.
    16 Aug 2012, 12:26 PM Reply Like
  • Terry330
    , contributor
    Comments (881) | Send Message
    Romney hates American workers, GM has good product, but not the slave labor GOP hires in china.
    16 Aug 2012, 12:30 PM Reply Like
  • lostalloncoal
    , contributor
    Comments (373) | Send Message
    Don't act blind. Obama paid tax-payers money to GM. Well, soon after GM is moving all jobs to China.


    Only thing Obama is successful is creating a bad image of Romney via his cheap, pathetic, negative campaigns. He is like a rat.
    22 Aug 2012, 07:42 PM Reply Like
  • Topcat
    , contributor
    Comments (579) | Send Message
    I follow Forbes. It is very reliable. I always trade and act the opposite of their opinion. Remember, it is Steve at the top.
    16 Aug 2012, 12:37 PM Reply Like
    , contributor
    Comments (43) | Send Message
    GM reduced their labor cost per car from around $3200 to $1600, are losing hundreds of million in Europe. The UAW handed them the keys and GM is driving it off a cliff. To build 18 million cars without financing control (Ally) will just pile up inventory on car lots. The credit has not been available for the last 3 months.
    16 Aug 2012, 01:43 PM Reply Like
  • Twest
    , contributor
    Comments (139) | Send Message
    Perhaps GM also lifted as a result of a technical story that I wrote at yesterday favoring the shares of GM.
    I pointed out the downtrend was over and that a solid base was in place from $20-$19.50 per share. Upside potential to $22 in the short term and longer term to $24-$25.
    16 Aug 2012, 01:59 PM Reply Like
  • decent_banker
    , contributor
    Comments (13) | Send Message
    Lou Woodhill is an idiot. Just simply look at David Einhorn and Warren Buffett, they both have scooping up GM shares. I don't see points to discuss his 'analysis'. You know who you should listen to buy/sell from.
    16 Aug 2012, 02:20 PM Reply Like
  • Mike Voelk
    , contributor
    Comments (401) | Send Message
    Why would an article make such a bold (GM bankruptcy) claim based on one car model's launch? Strange. My take is that it is a political rant from Steve Forbes aimed at helping his cronies and making himself relevant. If so I think he failed at both.
    16 Aug 2012, 11:05 PM Reply Like
  • Ted Bear
    , contributor
    Comments (700) | Send Message
    ...and then there is that nasty issue of the $100 Billion Taxpayer financed VOLT...the little car that couldn' be explained. Apparently it not only doesn't compete in the "D" car segment, it doesn't compete in ANY segment. That's pretty hard to do when somone gives you that kind of money.


    Ya know, the car companies and oil companies have been in cahoots for many decades. You build cars that gobble up fuel, and we'll make sure the price of that fuel stays high so that we all make a killing. Maybe, with foreign manufacturers building comparable, or better, automobiles, that little behind the barn clusterfuck is about to end.


    Killing off GM, while it will have ripple effects throughout the economy (but how long can you keep an economy afloat with MORE borrowed money, anyhow?) might just be the catalyst we need to start using our heads and our hands instead of 'financial engineering' and create an economy which actually makes a REAL marginal contribution.
    22 Aug 2012, 09:18 PM Reply Like
  • Momintn
    , contributor
    Comments (6056) | Send Message
    GM is a cash-rich, profitable company. This guy doesn't know what he is talking about.
    24 Aug 2012, 02:52 PM Reply Like
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