GM CEO promises profit for taxpayers

11/2009: Ford stock price per share value ~ $1.00
01/2010: Ford stock price per share value ~ $11.99

11/2009: GM stock price per share value ~ $2.00
01/2010: GM stock price per share value ~ 67 cents

*** Correction ***
11/2008: Ford stock price per share value ~ $1.00
01/2010: Ford stock price per share value ~ $11.99

11/2008: GM stock price per share value ~ $2.00
01/2010: GM stock price per share value ~ 67 cents

Correction:
11/2008 GM stock price per shar value $2.00
2010 Old GM stock price per share value: $0.00 (once the assets of old GM are sold off)

*** Correction ***
11/2008: Ford stock price per share value ~ $1.00
01/2010: Ford stock price per share value ~ $11.99

11/2008: GM stock price per share value ~ $2.00
01/2010: MTLQQ stock price per share value ~ 67 cents

Where can I get some of that "GM Will Make a Profit Kool-Aide"?

The only analyses that I have seen showing GM ultimately making a profit also have "and then a miracle happens" penciled into the right hand margin ...

From another website in relation to the 'management' of Saab's recent efforts to find a buyer

Here's the summary:

GM have five bids on the table for Saab and the prime bidders are all very confident that their bids meet GM's terms, with regard to both price and conditions. In other words, a deal should be achievable.
Despite this, GM seem to see significant value in closing Saab down and have appointed a liquidator to begin the process.
GM have been reported by sources to multiple outlets, this site included, as having plans to ship remaining Saab 9-5 tooling from Germany to China, seemingly for assembly of the 9-5 in that market (the Chinese love big cars and the 9-5 is five meters long).
Not only are GM contemplating closing down a 62 year old car manufacture with a viable plan for the future and viable bidders on the table, they also appear to be contemplating moving the tooling for at least one of that manufacturer's cars to China - the new biggest car market in the world - presumably for production for the market there where big cars are the order of the day, and where GM sell 4 or 5 times as many Buicks as they do in the US.

In doing so, they'll put 218 dealers in the US out of Saab work, threatening an estimated 5,000 jobs and untold amounts of community expenditure, wages and taxes. Then there are the 900-odd other Saab dealers around the world, but let's stick with the US for the moment.

GM are planning on doing all this, including a contribution to Chinese manufacturing at the expense of US dealership jobs - and they're thinking of doing all this whilst being the beneficiaries of billions of dollars in TARP funds and whilst they're 60% owned by the US government.

They won't stop until there is nothing left.

Nancy Pelosi's picture on an automotive website just made me puke on my desk. She needs to go back to the land of San Fran and save the seals.

Whelan,,, We don't want her in California either.