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GasBuddy News Article

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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
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
bettersight
Champion Author Oakland

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Message Posted: May 5, 2012 7:27:40 PM

ok
Blue48
Champion Author Illinois

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Message Posted: May 5, 2012 7:26:16 PM

GOOD NEWS!
walkingtall
Champion Author Toronto

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Message Posted: May 5, 2012 7:24:05 PM

Good news for Detroit.
JEEPMDS
Veteran Author Detroit

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Message Posted: May 5, 2012 7:24:03 PM

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

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Message Posted: May 5, 2012 7:22:03 PM

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

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Message Posted: May 5, 2012 7:20:59 PM

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

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Message Posted: May 5, 2012 7:20:38 PM

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

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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.
JagXKR
Champion Author British Columbia

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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.
singlemom27
Champion Author Ventura

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Message Posted: May 5, 2012 7:13:25 PM

Great news for Detroit!
BigBillMI
All-Star Author Detroit

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Message Posted: May 5, 2012 7:11:45 PM

ok
timbyus1
Champion Author Fort Worth

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Message Posted: May 5, 2012 7:10:58 PM

ok
nobodyMO
Champion Author Kansas City

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Message Posted: May 5, 2012 7:09:39 PM

good for them
bif65
Champion Author Virginia

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Message Posted: May 5, 2012 7:08:32 PM

ok
OOXXFF
Champion Author Greensboro

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Message Posted: May 5, 2012 7:07:05 PM

Wonderful!!!
johnnyg1200
Champion Author St. Louis

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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.
min_fuel
Champion Author Philadelphia

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Message Posted: May 5, 2012 7:01:13 PM

Obama spin.
carloco75
Champion Author Richmond

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Message Posted: May 5, 2012 6:57:55 PM

Hip Hip Hurray...
MDTDriver
Champion Author California

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Message Posted: May 5, 2012 6:55:44 PM

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

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Message Posted: May 5, 2012 6:49:59 PM

interesting...
uptherefiners
Champion Author Chicago

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Message Posted: May 5, 2012 6:49:55 PM

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

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Message Posted: May 5, 2012 6:49:45 PM

Okay
DABEE1073
Champion Author San Diego

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Message Posted: May 5, 2012 6:49:25 PM

GO BIG THREE!!
lmpski
Veteran Author Boston

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Message Posted: May 5, 2012 6:47:49 PM

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

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Message Posted: May 5, 2012 6:47:41 PM

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

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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...
DustyHorse
Champion Author Virginia

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Message Posted: May 5, 2012 6:46:19 PM

A little good news.
colaguy
Champion Author Columbia

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Message Posted: May 5, 2012 6:42:21 PM

good for the shareholders
honkerman
Champion Author San Jose

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Message Posted: May 5, 2012 6:39:46 PM

Good for someone.
blupupher
Champion Author Houston

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Message Posted: May 5, 2012 6:37:46 PM

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

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Message Posted: May 5, 2012 6:35:51 PM

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

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Message Posted: May 5, 2012 6:34:28 PM

k
V8power
Champion Author Pennsylvania

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Message Posted: May 5, 2012 6:34:11 PM

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

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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. . .
fuelsaverMN
Champion Author Twin Cities

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Message Posted: May 5, 2012 6:29:20 PM

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

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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?
fire@53
Champion Author Philadelphia

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Message Posted: May 5, 2012 6:20:59 PM

Looks like the people are buying American
QualTekGuy
Champion Author Illinois

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Message Posted: May 5, 2012 6:19:10 PM

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

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Message Posted: May 5, 2012 6:18:22 PM

ok
saleboss
Champion Author Phoenix

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Message Posted: May 5, 2012 6:17:33 PM

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

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Message Posted: May 5, 2012 6:17:27 PM

ok
iamforiu
Champion Author Indiana

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Message Posted: May 5, 2012 6:11:10 PM

hmmmmmm
swrestler
Champion Author Grand Rapids

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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...
Zonk
Champion Author Michigan

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Message Posted: May 5, 2012 6:06:37 PM

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

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Message Posted: May 5, 2012 6:00:59 PM

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

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Message Posted: May 5, 2012 5:55:18 PM

ok
TDIdave
Champion Author California

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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!
heysailor
Champion Author Pittsburgh

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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.
salog
Champion Author Columbia

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Message Posted: May 5, 2012 5:51:04 PM

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

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Message Posted: May 5, 2012 5:44:48 PM

good
032946
Champion Author Twin Cities

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Message Posted: May 5, 2012 5:44:01 PM

OK
scu227
Champion Author New Haven

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Message Posted: May 5, 2012 5:40:18 PM

It's funny how that works when the government butts out.
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