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Detroit's Big Three automakers surge on U.S. sales to beat estimates

Tampa Bay Times -- SOUTHFIELD, Mich.— Just three years ago, two Detroit automakers headed for bankruptcy and a third suffered record losses. Now North America has become a money machine for the Detroit Three, which earned $4.5 billion there in the first quarter on surging U.S. sales.

General Motors, Ford and Chrysler Group exceeded estimates with first quarter net income that totaled $3.2 billion. The most pleasant surprise was healthy North American operating margins of 11.5 percent at Ford, 7 percent at GM and 4.5 percent at Chrysler. Even combined losses of $405 million in Europe for GM and Ford were better than analysts anticipated from a region in an intractable financial crisis.

Such pleasant surprises would have been unimaginable in 2009 as GM and Chrysler filed Chapter 11 and Ford was coming of

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Submitted May 05, 2012 By: aservant

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bettersight Champion Author Oakland Posts:1,116 Points:255,885 Joined:May 2011	Message Posted: May 5, 2012 7:27:40 PM Ignore bettersight Report Abuse ok
Blue48 Champion Author Illinois Posts:7,290 Points:1,634,920 Joined:Feb 2007	Message Posted: May 5, 2012 7:26:16 PM Ignore Blue48 Report Abuse GOOD NEWS!
walkingtall Champion Author Toronto Posts:3,984 Points:1,118,755 Joined:Nov 2004	Message Posted: May 5, 2012 7:24:05 PM Ignore walkingtall Report Abuse Good news for Detroit.
JEEPMDS Veteran Author Detroit Posts:286 Points:1,827,590 Joined:Jun 2004	Message Posted: May 5, 2012 7:24:03 PM Ignore JEEPMDS Report Abuse SOMEDAY IT WILL BE OUR TURN.............GO TIGERS
danreino Champion Author Twin Cities Posts:8,337 Points:1,537,705 Joined:Mar 2008	Message Posted: May 5, 2012 7:22:03 PM Ignore danreino Report Abuse Dont buy into the One World Politics involved.
DozenSpeed Champion Author St. Louis Posts:1,293 Points:391,550 Joined:Sep 2011	Message Posted: May 5, 2012 7:20:59 PM Ignore DozenSpeed Report Abuse Well estimate low enough...
felinePA All-Star Author Pennsylvania Posts:580 Points:41,105 Joined:Aug 2011	Message Posted: May 5, 2012 7:20:38 PM Ignore felinePA Report Abuse Maybe, they will have way for older cars to be fuel efficient.
TelsaOR Champion Author Oregon Posts:3,561 Points:732,890 Joined:Jan 2011	Message Posted: May 5, 2012 7:20:27 PM Ignore TelsaOR Report Abuse I agree with the schmuck: The big three are spouting off to make sure their BHO hears the news and will be backing the fool again this november. Payback for the stimulus which still hasn't been paid back in full as they would lead you to believe.The unions are giving away the workers money as donations and using muscle power to get it done. There's one born every minute - so it has been said, and a lot of them are working for the big three.
JagXKR Champion Author British Columbia Posts:3,139 Points:1,088,080 Joined:Dec 2009	Message Posted: May 5, 2012 7:18:24 PM Ignore JagXKR Report Abuse It can never be stated enough that Ford never went into bankruptcy like the other 2.
singlemom27 Champion Author Ventura Posts:3,093 Points:636,785 Joined:Apr 2011	Message Posted: May 5, 2012 7:13:25 PM Ignore singlemom27 Report Abuse Great news for Detroit!
BigBillMI All-Star Author Detroit Posts:611 Points:245,605 Joined:Feb 2012	Message Posted: May 5, 2012 7:11:45 PM Ignore BigBillMI Report Abuse ok
timbyus1 Champion Author Fort Worth Posts:1,949 Points:388,605 Joined:Mar 2012	Message Posted: May 5, 2012 7:10:58 PM Ignore timbyus1 Report Abuse ok
nobodyMO Champion Author Kansas City Posts:2,251 Points:554,305 Joined:Nov 2010	Message Posted: May 5, 2012 7:09:39 PM Ignore nobodyMO Report Abuse good for them
bif65 Champion Author Virginia Posts:1,023 Points:195,105 Joined:Jan 2011	Message Posted: May 5, 2012 7:08:32 PM Ignore bif65 Report Abuse ok
OOXXFF Champion Author Greensboro Posts:3,043 Points:1,075,505 Joined:Sep 2009	Message Posted: May 5, 2012 7:07:05 PM Ignore OOXXFF Report Abuse Wonderful!!!
johnnyg1200 Champion Author St. Louis Posts:4,113 Points:641,520 Joined:May 2011	Message Posted: May 5, 2012 7:01:23 PM Ignore johnnyg1200 Report Abuse Maybe Fiat will pay back part of the 1.3 Billion that we (the tax payer) lost in the sale of Chrysler.
min_fuel Champion Author Philadelphia Posts:1,956 Points:722,545 Joined:Jan 2008	Message Posted: May 5, 2012 7:01:13 PM Ignore min_fuel Report Abuse Obama spin.
carloco75 Champion Author Richmond Posts:3,706 Points:597,540 Joined:Oct 2010	Message Posted: May 5, 2012 6:57:55 PM Ignore carloco75 Report Abuse Hip Hip Hurray...
MDTDriver Champion Author California Posts:9,709 Points:2,152,370 Joined:Jul 2006	Message Posted: May 5, 2012 6:55:44 PM Ignore MDTDriver Report Abuse Maybe some of our taxs money spent will come back? Or maybe NOT!
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:386,835 Joined:Dec 2011	Message Posted: May 5, 2012 6:49:59 PM Ignore GOBUTLER Report Abuse interesting...
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: May 5, 2012 6:49:55 PM Ignore uptherefiners Report Abuse good news for a change from Detroit auto
DeeLA Champion Author Los Angeles Posts:4,802 Points:1,362,405 Joined:Nov 2008	Message Posted: May 5, 2012 6:49:45 PM Ignore DeeLA Report Abuse Okay
DABEE1073 Champion Author San Diego Posts:8,195 Points:1,570,385 Joined:Jun 2008	Message Posted: May 5, 2012 6:49:25 PM Ignore DABEE1073 Report Abuse GO BIG THREE!!
lmpski Veteran Author Boston Posts:429 Points:393,765 Joined:May 2011	Message Posted: May 5, 2012 6:47:49 PM Ignore lmpski Report Abuse As US automakers go, so goes the US.
Killerbabydoll Champion Author Tucson Posts:1,252 Points:546,250 Joined:Sep 2010	Message Posted: May 5, 2012 6:47:41 PM Ignore Killerbabydoll Report Abuse people who want cars and who need cars will buy the cars
teamsimons Champion Author South Carolina Posts:2,458 Points:499,095 Joined:Aug 2011	Message Posted: May 5, 2012 6:46:41 PM Ignore teamsimons Report Abuse Well, if people can afford new cars, that's all well and good. Let's just hope that all of the vehicles have good fuel economy and help their owners save money at the pump. Of course, this snippet says nothing about the mpg of any of the cars being sold...
DustyHorse Champion Author Virginia Posts:6,067 Points:1,387,845 Joined:Oct 2008	Message Posted: May 5, 2012 6:46:19 PM Ignore DustyHorse Report Abuse A little good news.
colaguy Champion Author Columbia Posts:3,166 Points:1,006,150 Joined:Oct 2008	Message Posted: May 5, 2012 6:42:21 PM Ignore colaguy Report Abuse good for the shareholders
honkerman Champion Author San Jose Posts:44,176 Points:2,394,170 Joined:Jul 2004	Message Posted: May 5, 2012 6:39:46 PM Ignore honkerman Report Abuse Good for someone.
blupupher Champion Author Houston Posts:3,534 Points:745,120 Joined:Feb 2011	Message Posted: May 5, 2012 6:37:46 PM Ignore blupupher Report Abuse Good news, just wish I could afford to buy a new vehicle.
hibsaw Champion Author Mississippi Posts:8,027 Points:1,679,040 Joined:Feb 2008	Message Posted: May 5, 2012 6:35:51 PM Ignore hibsaw Report Abuse We went through a hard time. They were too important to fail.
babugp Veteran Author Philadelphia Posts:339 Points:76,685 Joined:Mar 2012	Message Posted: May 5, 2012 6:34:28 PM Ignore babugp Report Abuse k
V8power Champion Author Pennsylvania Posts:2,796 Points:1,375,995 Joined:Oct 2005	Message Posted: May 5, 2012 6:34:11 PM Ignore V8power Report Abuse Until the government is out of 2 of them, I'll not be buying them.
Digger52 Champion Author Chicago Posts:2,387 Points:845,685 Joined:Aug 2008	Message Posted: May 5, 2012 6:32:44 PM Ignore Digger52 Report Abuse Sure hope all that bailout money has been repaid now that they're doing so well. . .
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: May 5, 2012 6:29:20 PM Ignore fuelsaverMN Report Abuse No chance i will ever go back to american cars.
TustinDad Champion Author Orange County Posts:4,271 Points:907,090 Joined:Feb 2008	Message Posted: May 5, 2012 6:22:07 PM Ignore TustinDad Report Abuse scu227 wrote: "It's funny how that works when the government butts out." Aren't hey where they are because the Government stepped ind halped out?
fire@53 Champion Author Philadelphia Posts:11,813 Points:2,766,050 Joined:May 2003	Message Posted: May 5, 2012 6:20:59 PM Ignore fire@53 Report Abuse Looks like the people are buying American
QualTekGuy Champion Author Illinois Posts:3,051 Points:730,925 Joined:Feb 2007	Message Posted: May 5, 2012 6:19:10 PM Ignore QualTekGuy Report Abuse Good, now pay back the taxpayer.
IUVidiot Champion Author Indiana Posts:3,575 Points:706,410 Joined:Jun 2011	Message Posted: May 5, 2012 6:18:22 PM Ignore IUVidiot Report Abuse ok
saleboss Champion Author Phoenix Posts:3,924 Points:1,176,800 Joined:Feb 2006	Message Posted: May 5, 2012 6:17:33 PM Ignore saleboss Report Abuse When are they going to repay the taxpayers?
rpr77 Champion Author Philadelphia Posts:3,885 Points:765,185 Joined:Mar 2011	Message Posted: May 5, 2012 6:17:27 PM Ignore rpr77 Report Abuse ok
iamforiu Champion Author Indiana Posts:3,555 Points:708,490 Joined:May 2011	Message Posted: May 5, 2012 6:11:10 PM Ignore iamforiu Report Abuse hmmmmmm
swrestler Champion Author Grand Rapids Posts:6,120 Points:1,568,900 Joined:Oct 2008	Message Posted: May 5, 2012 6:10:20 PM Ignore swrestler Report Abuse And Mitt Romey Wanted To Let Them Go Bankrupt, What An Idot,4 More Years For President Obama To Clean Up The Mess Of The GOP...
Zonk Champion Author Michigan Posts:6,466 Points:2,099,840 Joined:Oct 2005	Message Posted: May 5, 2012 6:06:37 PM Ignore Zonk Report Abuse I hope sales forecasts for the Big 3 become realities rather than failures.
Jmac2008 Champion Author Missouri Posts:2,254 Points:877,140 Joined:Dec 2008	Message Posted: May 5, 2012 6:00:59 PM Ignore Jmac2008 Report Abuse great for america and the big 3.
bevmill Champion Author Georgia Posts:2,562 Points:597,295 Joined:Apr 2006	Message Posted: May 5, 2012 5:55:18 PM Ignore bevmill Report Abuse ok
TDIdave Champion Author California Posts:5,043 Points:1,221,715 Joined:May 2006	Message Posted: May 5, 2012 5:54:22 PM Ignore TDIdave Report Abuse Good. I know the GOP must be pissed. They want Detroit to be only a Tomb Stone. Ship all those jobs overseas. That's the Romney Way!
heysailor Champion Author Pittsburgh Posts:9,567 Points:2,329,645 Joined:Mar 2006	Message Posted: May 5, 2012 5:51:14 PM Ignore heysailor Report Abuse If GM & Chrysler had gone under like Romney wanted, Ford would have too, because the suppliers would have gone under with only one of the Big Three surviving. Great gamble by Obama that kept millions of jobs.
salog Champion Author Columbia Posts:7,710 Points:1,636,985 Joined:Oct 2006	Message Posted: May 5, 2012 5:51:04 PM Ignore salog Report Abuse who has money to buy new cars?
aggietim Champion Author Fort Worth Posts:1,751 Points:691,350 Joined:Oct 2008	Message Posted: May 5, 2012 5:44:48 PM Ignore aggietim Report Abuse good
032946 Champion Author Twin Cities Posts:19,839 Points:4,040,045 Joined:Oct 2001	Message Posted: May 5, 2012 5:44:01 PM Ignore 032946 Report Abuse OK
scu227 Champion Author New Haven Posts:4,135 Points:768,955 Joined:Feb 2011	Message Posted: May 5, 2012 5:40:18 PM Ignore scu227 Report Abuse It's funny how that works when the government butts out.