GM Records Record Profits - UAW Workers Get $7,000 Profit Sharing Checks As Tax Payers Still Come Up Short On Stock Value

GM Records Record Profits - UAW Workers Get $7,000 Profit Sharing Checks As Tax Payers Still Come Up Short On Stock Value
General Motors Co. has reported a record profit of $7.6 billion for 2011, but trouble in Europe took a big bite out of the automaker's fourth-quarter earnings.

In the last four months of 2011, GM only made $500 million after factoring in a one-time charge of $200 million, the company said Thursday. That was about the same amount of money the company made a year earlier.

 


Read Article

rockreidrockreid - 2/16/2012 11:50:15 AM
-6 Boost
I still have yet to see any apologies from editorial staff regarding the GM bailout.

It worked. Plain and simple.

We still have a major manufacturing ability, we still have all those jobs, we still have all the supplier jobs and firms, and we still have all the directly related industries that feed and clothe and house all of our auto workers.

Thank you, President Obama. You made the right call.




Agent009Agent009 - 2/16/2012 1:22:51 PM
+7 Boost
It worked yes. No doubt. However it was touted as a loan. It turned into a loss for the taxpayers.

Last time I looked. If I borrowed a few billion from a bank and only paid back a portion of it then I would be in the doghouse.


stonestone - 2/16/2012 3:00:50 PM
-1 Boost
Of course you won't see an apology from any staff member here. They have an anti-Obama agenda so regardless of anything the man does, it will be put in a bad light.

Honestly, I find it quite pathetic that you're using this site to push some sort of political agenda. I thought this was about everyone's love of cars. Journalism should be impartial and unbiased and the staff at autospies has failed on both accounts when it comes to Presidential politics.

I think I've made my last post here, good luck with your "is rapper x ruining brand y's" image, and "Obama runs over kittens in his socialist, UAWmobile". This was a decent site once upon a time but I can't help but see a bit too much racism in your classification of most things urban. It would be wrong for me to stay and support this place any longer, but I do wish you luck with what you've created.........

Stone


LexSucksLexSucks - 2/16/2012 4:49:13 PM
-2 Boost
"Of course you won't see an apology from any staff member here. They have an anti-Obama agenda so regardless of anything the man does, it will be put in a bad light.

Honestly, I find it quite pathetic that you're using this site to push some sort of political agenda. I thought this was about everyone's love of cars. Journalism should be impartial and unbiased and the staff at autospies has failed on both accounts when it comes to Presidential politics.

I think I've made my last post here, good luck with your "is rapper x ruining brand y's" image, and "Obama runs over kittens in his socialist, UAWmobile". This was a decent site once upon a time but I can't help but see a bit too much racism in your classification of most things urban. It would be wrong for me to stay and support this place any longer, but I do wish you luck with what you've created.........

Stone "

- You listening "Agent00*". Or are you guys going to continue with your nonsense? Great post Stone!!!!


MBCLS07MBCLS07 - 2/16/2012 8:43:16 PM
+3 Boost
Lexsucks, given the fact that you and your buddies (or aliases) uaw_lax and billfrombuckhead get more negative votes than anyone on this site, I don't think the editors should concern themselves with your criticisms. Clearly, your warped thinking isn't shared by the vast majority on autospies. I will remind you that it isn't autospies that injects politics into the automotive industry, as you complain. They merely report on it. The uaw brings politics into the industry with their incestuous relationship with the democrats. Myself, and many others, would be thrilled to see the gov't stay out of the automotive industry, but to ignore the government's involvement (and the uaw's paid influence in politics) and censor any related stories is to ignore reality.


gkearns56gkearns56 - 2/16/2012 1:47:10 PM
+6 Boost
What a waste of money for these UAW dinosaurs.


carsarefuncarsarefun - 2/16/2012 2:17:04 PM
+6 Boost
I want a tax refund.

Guess that will not happen.

GM used my taxes for big giveaways to the UAW.

I'm buying BMW's and VW's so they can't get any more of my hard earned dollars.

SCREW THE UAW AND GM IN PARTICULAR.

CARS ARE FUN


carsarefuncarsarefun - 2/16/2012 2:17:05 PM
+5 Boost
I want a tax refund.

Guess that will not happen.

GM used my taxes for big giveaways to the UAW.

I'm buying BMW's and VW's so they can't get any more of my hard earned dollars.

SCREW THE UAW AND GM IN PARTICULAR.

CARS ARE FUN


LexSucksLexSucks - 2/16/2012 4:47:06 PM
-1 Boost
Instead of Autospies.com, this place should be called wehateobama.com


USNA1999USNA1999 - 2/16/2012 8:20:55 PM
+3 Boost
Screw the UAW and screw OBAMA. All he has created is the United States of Entitlements. I am tired of having to share my hard earn money with a bunch of losers supporting OBAMA that the only thing they want is a free ride.


LexSucksLexSucks - 2/16/2012 8:37:08 PM
-1 Boost
But you are OK with your hard earned money going to billion dollar corporations? Why don't you complain about that?


USNA1999USNA1999 - 2/16/2012 9:06:36 PM
+5 Boost
Going To Billion dollars corporations? Like APPL, AA, MA, V and so on which I do invest in and get a nice return on my investment? No complaining about that! I am tired of having to continue to extend unemployment benefits, helping losers that purchased homes that they couldn't afford in the first place, bailing out companies that should have been allowed to go bankrupt, paying more taxes to aid the losers in this country, continuing to pay into a social security fund that will go bankrupt. Yes I do complain about this issues. This country rewards people that make poor decisions. I want change and its NOT OBAMA!


DWONGSWONGDWONGSWONG - 2/17/2012 2:50:20 AM
+5 Boost
billfrombuckhead and LexSux,
You are delusional if you think Republican are the only ones destroying America. This payroll tax cut President Obama is only going to push social security into insolvency faster. Obamacare is cutting $500 billions from Medicare. He will accumulate over $5 trillions in new debt. He said President Bush was "unpatriotic" for adding almost $5 trillions in 8 years. What does that make him for doing it by the end of 4 years? President Bush was wrong for going to war in Iraq under bad intelligence from one former Iraqi exile (I got it from 60 Minutes). President Obama is only making our future worse. Both the Republicans and Democrats are driving this country into the ditch. Unfortunately, we do not have a Reagan, Lincoln, or Washington to vote for in November. Since it will be between President Obama and a Republican, I will choose the Republican. If he continues to drive America into the ditch, I may vote for a Democrat next time. The America my family immigrated to in 1980 is now so different. I hope to see it again someday.


LexSucksLexSucks - 2/20/2012 6:00:00 PM
+1 Boost
Reagan wasn't and isn't the republican saviour. If Reagan were alive (and young enough to run for office) today, the current GOP would run him out of town. He raised taxes? No way!!

While in office Reagan:
1) Raised Taxes

2) Traded Weapons for hostages (Can you imagine Obama doing that?)

3) Gave everything to the top earners. Which caused serious Urban decay. NYC was in shambles when Reagan was president. The 1980's america was run down and decayed.

4) And last but not least. Nothing trickled down.

And you are right. Both parties are messing up america. But one party is beyond repair, confused, and caters to thier extremes. They are not equal.


upwardsupwards - 2/17/2012 11:26:59 AM
-2 Boost
Cancel my account this site has zero credit.



MBCLS07MBCLS07 - 2/17/2012 1:05:13 PM
+4 Boost
"Upwards"? Oh right, you were the guy excited to see further vandalism against Bentleys owned by those terrible "1%ers". I don't know how autospies will survive without true auto enthusiasts (cough) like you. Hey listen, don't the door hit you on the way out. Take lexsucks, billfrombuckhead and uaw_lax (aka the unholy trinity of stupidity) with you.


Copyright 2026 AutoSpies.com, LLC