OT: GM layoffs?

[Jim Elbrecht]

So what happened to them? A few of the doom&gloomers here were predicting *massive* layoffs within a month of the election-- That GM was on the brink of collapse, but just trying make Obama look good until the election.

Well. . . The stock has gone from 26 to 30 since the election.

I see 1000 new high tech jobs coming to Atlanta.

Asia is loving GM. Canadians have quit striking. Koreans are happy now.

Opel is laying off in Germany- The volt plant will likely shut down for a month or 2 this spring.

But I'd say things are looking pretty good for GM.

Just wondering- Jim

[Doug]

Some are cautiously recommending to watch the stock for now and possibly buy soon. My CPA wife is doing this too.

It's funny how when I watch CNBC, they say things are slowly improving and I laughed to my wife and said ... god forbid if the critics may have to give some credit to the President.

[Dean Hoffman]

There is a pending lawsuit that might cause a bit of trouble:

[Hench]

Their truck inventories are far too high. Their most profitable vehicles are their trucks, and they are sitting and losing competitive ground to Ford and Chrysler group.

I say they are right where they should be. They need to focus on China first, that's the market that wants GM's the most.

[Doug]

Yeah, my wife recommended Ford to her sister and our daughter. So far so good.

[harry]

What a heap of ugly shit. No wonder American industry is where it is.

[Doug]

Yep... usually leading the world.

[harry]

Not true. No-one else will buy most of them.