OT: GM layoffs?

Jan 12, 2013 7 Replies

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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…

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Jim Elbrecht 13 years ago

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.

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Just wondering- Jim

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Information here may be outdated?

Doug 13 years ago

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.

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Dean Hoffman 13 years ago

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

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Hench 13 years ago

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.

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