GasBuddy Blog

GasBuddy News Article

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

Back To News

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	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First Prev

Last

032946 Champion Author Twin Cities Posts:19,870 Points:4,045,995 Joined:Oct 2001	Message Posted: May 5, 2012 5:44:01 PM Ignore 032946 Report Abuse OK
scu227 Champion Author New Haven Posts:4,162 Points:773,830 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.
cutter1330 Champion Author Oklahoma Posts:8,045 Points:1,696,065 Joined:Jul 2005	Message Posted: May 5, 2012 5:38:53 PM Ignore cutter1330 Report Abuse That's a good thing!!!
warlord1 Champion Author Georgia Posts:5,255 Points:1,035,950 Joined:May 2010	Message Posted: May 5, 2012 5:38:32 PM Ignore warlord1 Report Abuse ok
Gascapade Champion Author Fort Worth Posts:3,027 Points:482,905 Joined:Mar 2009	Message Posted: May 5, 2012 5:36:57 PM Ignore Gascapade Report Abuse Good economic news!!
MarAzul Champion Author London Posts:3,786 Points:681,435 Joined:Feb 2011	Message Posted: May 5, 2012 5:36:20 PM Ignore MarAzul Report Abuse ok.
jb107 Champion Author New Jersey Posts:9,559 Points:2,623,850 Joined:Sep 2005	Message Posted: May 5, 2012 5:35:14 PM Ignore jb107 Report Abuse Keep it up.
theschmuck Champion Author Michigan Posts:2,927 Points:1,513,575 Joined:Mar 2007	Message Posted: May 5, 2012 5:35:00 PM Ignore theschmuck Report Abuse 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 thebig three.
jimbo1867 Champion Author Arizona Posts:5,382 Points:2,056,500 Joined:Apr 2005	Message Posted: May 5, 2012 5:32:05 PM Ignore jimbo1867 Report Abuse cool
thirty8paces Champion Author Baltimore Posts:4,526 Points:1,108,080 Joined:Sep 2008	Message Posted: May 5, 2012 5:31:15 PM Ignore thirty8paces Report Abuse Just purchased a 2012 Dodge Charger and love it.
pnivens Veteran Author Georgia Posts:426 Points:438,765 Joined:Oct 2011	Message Posted: May 5, 2012 5:30:27 PM Ignore pnivens Report Abuse I agree with MrHonest - time for prices to come down - their overpaying union labor!
gasmack Champion Author Ventura Posts:1,717 Points:669,415 Joined:Feb 2011	Message Posted: May 5, 2012 5:29:35 PM Ignore gasmack Report Abuse Good news. Hope the increased sales and profit margins keep coming so GM and Chrysler can pay back their bailout loans.
Holly123 Champion Author Charlotte Posts:3,212 Points:792,160 Joined:Dec 2010	Message Posted: May 5, 2012 5:28:57 PM Ignore Holly123 Report Abuse Amen MRHONEST.
MRHONEST Champion Author Illinois Posts:2,212 Points:1,676,430 Joined:May 2007	Message Posted: May 5, 2012 5:26:09 PM Ignore MRHONEST Report Abuse Now if we can just get gas prices down!
matthwbar Champion Author Toledo Posts:4,073 Points:1,019,755 Joined:Jun 2007	Message Posted: May 5, 2012 5:25:56 PM Ignore matthwbar Report Abuse A pleasant surprise....
MopedTime All-Star Author Michigan Posts:769 Points:362,035 Joined:Mar 2012	Message Posted: May 5, 2012 5:24:21 PM Ignore MopedTime Report Abuse I hope this will last for a long time.
Fish167 Champion Author North Carolina Posts:3,994 Points:2,480,740 Joined:Aug 2005	Message Posted: May 5, 2012 5:19:32 PM Ignore Fish167 Report Abuse Alright
aarrrt Champion Author San Diego Posts:7,280 Points:1,653,500 Joined:May 2008	Message Posted: May 5, 2012 5:18:36 PM Ignore aarrrt Report Abuse Where's our buck?
baddog58 Champion Author Texas Posts:1,190 Points:701,745 Joined:May 2007	Message Posted: May 5, 2012 5:16:51 PM Ignore baddog58 Report Abuse I'm most surprised by Chrysler. Never liked their cars, but great economic news.
wrj0 Rookie Author Raleigh Posts:96 Points:594,735 Joined:Jan 2011	Message Posted: May 5, 2012 5:11:42 PM Ignore wrj0 Report Abuse Good news.
esorsd Champion Author St. Louis Posts:5,748 Points:1,640,690 Joined:May 2005	Message Posted: May 5, 2012 5:11:27 PM Ignore esorsd Report Abuse Good news.
bababooey2 Champion Author Hartford Posts:6,357 Points:1,304,565 Joined:Sep 2009	Message Posted: May 5, 2012 5:10:25 PM Ignore bababooey2 Report Abuse Good for them.
ACTown Champion Author Oregon Posts:2,349 Points:1,431,395 Joined:Jun 2007	Message Posted: May 5, 2012 5:08:43 PM Ignore ACTown Report Abuse That is good news, but not what it was. Vote Obama in again and it will hurt all again.
bmsgolf Champion Author Amarillo Posts:2,057 Points:456,205 Joined:May 2011	Message Posted: May 5, 2012 5:08:41 PM Ignore bmsgolf Report Abuse Gm has paid back.
adgam Champion Author Orange County Posts:2,264 Points:501,020 Joined:Nov 2011	Message Posted: May 5, 2012 5:07:40 PM Ignore adgam Report Abuse kk
HYEgasCA Champion Author Fresno Posts:2,111 Points:911,625 Joined:Dec 2008	Message Posted: May 5, 2012 5:06:05 PM Ignore HYEgasCA Report Abuse OK Good! Wheres our money?
jmg144 Champion Author Maryland Posts:9,711 Points:2,903,060 Joined:Jul 2004	Message Posted: May 5, 2012 5:01:28 PM Ignore jmg144 Report Abuse The bailouts helped.
WhiskersTheCat All-Star Author Austin Posts:827 Points:1,323,570 Joined:Oct 2008	Message Posted: May 5, 2012 4:58:00 PM Ignore WhiskersTheCat Report Abuse GOOD! Now they can pay back the bailouts. Despite what they've said, they still owe the taxpayer money.
SUNOIL Champion Author Toledo Posts:5,250 Points:1,926,980 Joined:Jul 2007	Message Posted: May 5, 2012 4:54:35 PM Ignore SUNOIL Report Abuse Now we will see how this affects our economy.
Bonanza Champion Author Boston Posts:12,093 Points:2,552,730 Joined:Jun 2004	Message Posted: May 5, 2012 4:53:50 PM Ignore Bonanza Report Abuse Now pay back the taxpayers
DriverofRed Champion Author Calgary Posts:2,183 Points:413,835 Joined:Dec 2011	Message Posted: May 5, 2012 4:51:50 PM Ignore DriverofRed Report Abuse good
stevencr Champion Author Ohio Posts:5,661 Points:1,435,740 Joined:Mar 2009	Message Posted: May 5, 2012 4:47:57 PM Ignore stevencr Report Abuse Have the taxpayers been repaid yet?
mark1962 Champion Author Albany Posts:5,746 Points:1,267,440 Joined:Sep 2009	Message Posted: May 5, 2012 4:46:46 PM Ignore mark1962 Report Abuse Sounds good!
us4usa Champion Author Missouri Posts:5,998 Points:1,114,340 Joined:May 2008	Message Posted: May 5, 2012 4:42:39 PM Ignore us4usa Report Abuse Just other reason to buy Ford...
themaninthehat Champion Author New Orleans Posts:1,824 Points:472,265 Joined:Feb 2011	Message Posted: May 5, 2012 4:38:51 PM Ignore themaninthehat Report Abuse Thanks in part to President Obama OBAMA 2012
itsjustme719 All-Star Author Hamilton Posts:612 Points:599,170 Joined:Dec 2010	Message Posted: May 5, 2012 4:38:20 PM Ignore itsjustme719 Report Abuse Remember, if you buy foreign, you're supporting a foreign economy.
mcmonsta Champion Author Honolulu Posts:3,232 Points:820,270 Joined:Sep 2009	Message Posted: May 5, 2012 4:36:56 PM Ignore mcmonsta Report Abuse gives us a qualit product with the bells and whistles we want and we will keep the big three in business
heydano67 Champion Author California Posts:1,676 Points:359,485 Joined:Feb 2012	Message Posted: May 5, 2012 4:35:16 PM Ignore heydano67 Report Abuse Glad thst they just needed a boost to get back on track.
toadNY Champion Author Albany Posts:7,052 Points:1,515,100 Joined:Apr 2008	Message Posted: May 5, 2012 4:33:31 PM Ignore toadNY Report Abuse did they Pay back the American Tax Payer in Full?
bonbon5 Champion Author Toledo Posts:1,975 Points:529,500 Joined:Feb 2011	Message Posted: May 5, 2012 4:29:04 PM Ignore bonbon5 Report Abuse alright guys!
carlsonguitars Champion Author Portland Posts:4,876 Points:825,980 Joined:Jan 2008	Message Posted: May 5, 2012 4:26:12 PM Ignore carlsonguitars Report Abuse I think Chrysler is doing better, same with Ford... GM is also stepping up, PART OF THE TIME.... The Volt and Cruze are nice/fuel efficient, but seriously, what is up with hybrids that suck?!?! Toyota does the same with a few models, get 2 mpg better for an extra $6,000.00 ?!?!?!
umitb Champion Author Indianapolis Posts:3,681 Points:844,415 Joined:Apr 2010	Message Posted: May 5, 2012 4:19:02 PM Ignore umitb Report Abuse good
MikLamb Champion Author Texas Posts:7,995 Points:2,177,070 Joined:Jun 2006	Message Posted: May 5, 2012 4:17:42 PM Ignore MikLamb Report Abuse So, how about that automaker bailout now?
BigBob12345 Champion Author Gasbuddy Posts:1,521 Points:304,730 Joined:Aug 2011	Message Posted: May 5, 2012 4:17:18 PM Ignore BigBob12345 Report Abuse Only because people kept their cars until they dropped dead and had to buy another.
BWALL2700 Champion Author Illinois Posts:2,174 Points:195,735 Joined:Apr 2011	Message Posted: May 5, 2012 4:12:45 PM Ignore BWALL2700 Report Abuse The repo man is licking his chops.
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: May 5, 2012 4:11:42 PM Ignore AuburnTim Report Abuse Can't afford new get it got it good Are you listening Big Greedy Auto?
memo81 Champion Author St. Louis Posts:2,358 Points:446,450 Joined:Feb 2012	Message Posted: May 5, 2012 4:09:22 PM Ignore memo81 Report Abuse Not buying one anytime soon
carefrey Champion Author Orlando Posts:5,540 Points:1,160,460 Joined:Sep 2009	Message Posted: May 5, 2012 4:08:13 PM Ignore carefrey Report Abuse Who can afford a new car?
johnrb Champion Author Michigan Posts:7,970 Points:1,964,340 Joined:Oct 2006	Message Posted: May 5, 2012 4:05:09 PM Ignore johnrb Report Abuse Can't afford a new car any time soon!
sehonda Champion Author Honolulu Posts:2,048 Points:917,960 Joined:May 2009	Message Posted: May 5, 2012 4:00:20 PM Ignore sehonda Report Abuse who is buying?
Banjoe Champion Author Winnipeg Posts:4,267 Points:616,215 Joined:Apr 2011	Message Posted: May 5, 2012 3:57:12 PM Ignore Banjoe Report Abuse Dead cat bounce or good news?