Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:10 AM

GasBuddy News Article

38
votes
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


Read the Full Article

Submitted May 05, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Detroit's Big Three automakers surge on U.S. sales to beat estimates Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
EMoe57
Champion Author Jacksonville

Posts:6,729
Points:1,469,010
Joined:Apr 2009
Message Posted: May 5, 2012 7:27:45 PM

Good on them
Profile Pic
bettersight
Champion Author Oakland

Posts:1,116
Points:255,885
Joined:May 2011
Message Posted: May 5, 2012 7:27:40 PM

ok
Profile Pic
Blue48
Champion Author Illinois

Posts:9,477
Points:2,095,595
Joined:Feb 2007
Message Posted: May 5, 2012 7:26:16 PM

GOOD NEWS!
Profile Pic
walkingtall
Champion Author Toronto

Posts:6,060
Points:1,564,955
Joined:Nov 2004
Message Posted: May 5, 2012 7:24:05 PM

Good news for Detroit.
Profile Pic
JEEPMDS
Veteran Author Detroit

Posts:333
Points:2,177,395
Joined:Jun 2004
Message Posted: May 5, 2012 7:24:03 PM

SOMEDAY IT WILL BE OUR TURN.............GO TIGERS
Profile Pic
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: May 5, 2012 7:22:03 PM

Dont buy into the One World Politics involved.
Profile Pic
DozenSpeed
Champion Author St. Louis

Posts:1,293
Points:392,000
Joined:Sep 2011
Message Posted: May 5, 2012 7:20:59 PM

Well estimate low enough...
Profile Pic
felinePA
All-Star Author Pennsylvania

Posts:580
Points:41,105
Joined:Aug 2011
Message Posted: May 5, 2012 7:20:38 PM

Maybe, they will have way for older cars to be fuel efficient.
Profile Pic
TelsaOR
Champion Author Oregon

Posts:3,596
Points:740,215
Joined:Jan 2011
Message Posted: May 5, 2012 7:20:27 PM

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.
Profile Pic
JagXKR
Champion Author British Columbia

Posts:5,256
Points:1,544,035
Joined:Dec 2009
Message Posted: May 5, 2012 7:18:24 PM

It can never be stated enough that Ford never went into bankruptcy like the other 2.
Profile Pic
singlemom27
Champion Author Ventura

Posts:5,266
Points:1,095,175
Joined:Apr 2011
Message Posted: May 5, 2012 7:13:25 PM

Great news for Detroit!
Profile Pic
BigBillMI
All-Star Author Detroit

Posts:616
Points:249,030
Joined:Feb 2012
Message Posted: May 5, 2012 7:11:45 PM

ok
Profile Pic
timbyus1
Champion Author Fort Worth

Posts:3,418
Points:713,395
Joined:Mar 2012
Message Posted: May 5, 2012 7:10:58 PM

ok
Profile Pic
nobodyMO
Champion Author Kansas City

Posts:2,251
Points:554,305
Joined:Nov 2010
Message Posted: May 5, 2012 7:09:39 PM

good for them
Profile Pic
bif65
Champion Author Virginia

Posts:1,272
Points:278,785
Joined:Jan 2011
Message Posted: May 5, 2012 7:08:32 PM

ok
Profile Pic
OOXXFF
Champion Author Greensboro

Posts:5,178
Points:1,531,330
Joined:Sep 2009
Message Posted: May 5, 2012 7:07:05 PM

Wonderful!!!
Profile Pic
johnnyg1200
Champion Author St. Louis

Posts:7,633
Points:1,093,310
Joined:May 2011
Message Posted: May 5, 2012 7:01:23 PM

Maybe Fiat will pay back part of the 1.3 Billion that we (the tax payer) lost in the sale of Chrysler.
Profile Pic
min_fuel
Champion Author Philadelphia

Posts:1,958
Points:742,360
Joined:Jan 2008
Message Posted: May 5, 2012 7:01:13 PM

Obama spin.
Profile Pic
carloco75
Champion Author Richmond

Posts:5,916
Points:1,048,010
Joined:Oct 2010
Message Posted: May 5, 2012 6:57:55 PM

Hip Hip Hurray...
Profile Pic
MDTDriver
Champion Author California

Posts:11,629
Points:2,599,115
Joined:Jul 2006
Message Posted: May 5, 2012 6:55:44 PM

Maybe some of our taxs money spent will come back? Or maybe NOT!
Profile Pic
GOBUTLER
Champion Author Indianapolis

Posts:1,560
Points:726,285
Joined:Dec 2011
Message Posted: May 5, 2012 6:49:59 PM

interesting...
Profile Pic
uptherefiners
Champion Author Chicago

Posts:5,055
Points:1,003,000
Joined:Jun 2006
Message Posted: May 5, 2012 6:49:55 PM

good news for a change from Detroit auto
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:6,896
Points:1,811,435
Joined:Nov 2008
Message Posted: May 5, 2012 6:49:45 PM

Okay
Profile Pic
DABEE1073
Champion Author San Diego

Posts:10,545
Points:2,028,250
Joined:Jun 2008
Message Posted: May 5, 2012 6:49:25 PM

GO BIG THREE!!
Profile Pic
lmpski
Veteran Author Boston

Posts:438
Points:808,820
Joined:May 2011
Message Posted: May 5, 2012 6:47:49 PM

As US automakers go, so goes the US.
Profile Pic
Killerbabydoll
Champion Author Tucson

Posts:1,688
Points:664,205
Joined:Sep 2010
Message Posted: May 5, 2012 6:47:41 PM

people who want cars and who need cars will buy the cars
Profile Pic
teamsimons
Champion Author South Carolina

Posts:3,977
Points:900,260
Joined:Aug 2011
Message Posted: May 5, 2012 6:46:41 PM

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...
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,176
Points:1,815,580
Joined:Oct 2008
Message Posted: May 5, 2012 6:46:19 PM

A little good news.
Profile Pic
colaguy
Champion Author Columbia

Posts:4,358
Points:1,302,245
Joined:Oct 2008
Message Posted: May 5, 2012 6:42:21 PM

good for the shareholders
Profile Pic
honkerman
Champion Author San Jose

Posts:58,727
Points:2,853,980
Joined:Jul 2004
Message Posted: May 5, 2012 6:39:46 PM

Good for someone.
Profile Pic
blupupher
Champion Author Houston

Posts:5,758
Points:1,202,210
Joined:Feb 2011
Message Posted: May 5, 2012 6:37:46 PM

Good news, just wish I could afford to buy a new vehicle.
Profile Pic
hibsaw
Champion Author Mississippi

Posts:10,231
Points:2,138,715
Joined:Feb 2008
Message Posted: May 5, 2012 6:35:51 PM

We went through a hard time. They were too important to fail.
Profile Pic
babugp
Veteran Author Philadelphia

Posts:339
Points:76,685
Joined:Mar 2012
Message Posted: May 5, 2012 6:34:28 PM

k
Profile Pic
V8power
Champion Author Pennsylvania

Posts:4,980
Points:1,837,100
Joined:Oct 2005
Message Posted: May 5, 2012 6:34:11 PM

Until the government is out of 2 of them, I'll not be buying them.
Profile Pic
Digger52
Champion Author Chicago

Posts:4,450
Points:1,298,475
Joined:Aug 2008
Message Posted: May 5, 2012 6:32:44 PM

Sure hope all that bailout money has been repaid now that they're doing so well. . .
Profile Pic
fuelsaverMN
Champion Author Twin Cities

Posts:2,282
Points:559,080
Joined:Mar 2011
Message Posted: May 5, 2012 6:29:20 PM

No chance i will ever go back to american cars.
Profile Pic
TustinDad
Champion Author Orange County

Posts:5,210
Points:982,955
Joined:Feb 2008
Message Posted: May 5, 2012 6:22:07 PM

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?
Profile Pic
fire@53
Champion Author Philadelphia

Posts:13,883
Points:3,205,425
Joined:May 2003
Message Posted: May 5, 2012 6:20:59 PM

Looks like the people are buying American
Profile Pic
QualTekGuy
Champion Author Illinois

Posts:4,174
Points:1,143,480
Joined:Feb 2007
Message Posted: May 5, 2012 6:19:10 PM

Good, now pay back the taxpayer.
Profile Pic
IUVidiot
Champion Author Indiana

Posts:5,765
Points:1,165,985
Joined:Jun 2011
Message Posted: May 5, 2012 6:18:22 PM

ok
Profile Pic
saleboss
Champion Author Phoenix

Posts:4,061
Points:1,201,965
Joined:Feb 2006
Message Posted: May 5, 2012 6:17:33 PM

When are they going to repay the taxpayers?
Profile Pic
rpr77
Champion Author Philadelphia

Posts:6,150
Points:1,224,470
Joined:Mar 2011
Message Posted: May 5, 2012 6:17:27 PM

ok
Profile Pic
iamforiu
Champion Author Indiana

Posts:5,754
Points:1,168,515
Joined:May 2011
Message Posted: May 5, 2012 6:11:10 PM

hmmmmmm
Profile Pic
swrestler
Champion Author Grand Rapids

Posts:8,290
Points:2,028,090
Joined:Oct 2008
Message Posted: May 5, 2012 6:10:20 PM

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...
Profile Pic
Zonk
Champion Author Michigan

Posts:8,616
Points:2,551,840
Joined:Oct 2005
Message Posted: May 5, 2012 6:06:37 PM

I hope sales forecasts for the Big 3 become realities rather than failures.
Profile Pic
Jmac2008
Champion Author Missouri

Posts:4,209
Points:1,314,470
Joined:Dec 2008
Message Posted: May 5, 2012 6:00:59 PM

great for america and the big 3.
Profile Pic
bevmill
Champion Author Georgia

Posts:4,635
Points:1,050,835
Joined:Apr 2006
Message Posted: May 5, 2012 5:55:18 PM

ok
Profile Pic
TDIdave
Champion Author California

Posts:5,866
Points:1,642,095
Joined:May 2006
Message Posted: May 5, 2012 5:54:22 PM

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!
Profile Pic
heysailor
Champion Author Pittsburgh

Posts:11,744
Points:2,788,005
Joined:Mar 2006
Message Posted: May 5, 2012 5:51:14 PM

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.
Profile Pic
salog
Champion Author Columbia

Posts:7,993
Points:1,940,445
Joined:Oct 2006
Message Posted: May 5, 2012 5:51:04 PM

who has money to buy new cars?
Profile Pic
aggietim
Champion Author Fort Worth

Posts:2,281
Points:1,036,360
Joined:Oct 2008
Message Posted: May 5, 2012 5:44:48 PM

good
Profile Pic
032946
Champion Author Twin Cities

Posts:22,067
Points:4,487,350
Joined:Oct 2001
Message Posted: May 5, 2012 5:44:01 PM

OK
Post a reply Back to Topics