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  • iffydog iffydog Nov 5, 2012 7:41 AM Flag

    General Motors October China Sales up 14.3% on Year


    I forked tongue you have. A joint venture that does belong to china 100% First message said that China had 12 joint ventures. When they give false information i respond with the truth. Good thing no one pays attention to what you say! The per fee per car goes down each year!!!!!!

    Sentiment: Strong Sell

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    • General Motors' (GM) third quarter earnings were so strong, in response its stock rose more in one day (9.6% on the day earnings were released) than any day since its post-bankruptcy public offering. In the quarter, the company posted revenue of $37.6 billion, up over two percent from the $36.7 billion a year ago. Profits came to $1.48 billion, or $0.93 per share. The profits came in about 15% below the third quarter of last year, but the profit level swamped analysts' expectations, which were for about $0.60 per share.

      Sentiment: Strong Buy

    • As I told you once, it would be beneficial to you to learn how to read SEC filings. Take for example GM's 10K dated 2/27/12. On page 121 it shows GM's joint ventures and it's direct ownership of those ventures. Obviously you'll never be able to find it with your illiteracy of common company data, so I will list them for you below:

      Shanghai General Motors Co., Ltd. (SGM) 49%
      Shanghai GM Norsom Motor Co., Ltd. (SGM Norsom) 25%
      Shanghai GM Dong Yue Motors Co., Ltd. (SGM DY) 25%
      Shanghai GM Dong Yue Powertrain (SGM DYPT) 25%
      SAIC−GM−Wuling Automobile Co., Ltd. (SGMW) 44%
      FAW−GM Light Duty Commercial Vehicle Co., Ltd. (FAW−GM) 50%
      Pan Asia Technical Automotive Center Co., Ltd. 50%
      Shanghai OnStar Telematics Co., Ltd. (Shanghai OnStar) 40%
      Shanghai Chengxin Used Car Operation and Management Co., Ltd. (Shanghai Chengxin Used Car) 33%
      SAIC General Motors Sales Co., Ltd. (SGMS) 49%

      As an earlier poster informed you, GM has a 9.7% margin on Chinese sales ($7.945 billion in sales, $769 million in net income.

      Every time you post you expose your ignorance a little more. Does that bother you even a little??

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