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General Motors Company Message Board

wngr123 148 posts  |  Last Activity: Jul 7, 2016 8:47 PM Member since: Oct 24, 2008
  • wngr123 wngr123 Jun 1, 2016 9:26 PM Flag

    "WHY? He's not even gonna bother. He has already voted ...with his FEET, as they say. Theres not a thing GM can do for him now. They had their chance. They blew it."

    So they can do something about a #$%$ dealer.

  • wngr123 wngr123 Jun 1, 2016 5:18 PM Flag

    "It's not the product. It's dealer environment. Cadillac simply doesn't understand their dealers must provide a higher level environment than Chevrolet. "

    I'll say it again great day. If you're going on a data point of one, you may want to temper your comments. As I said before, I sure hope you contacted the zone and region.

    Admittedly i also am working from a small sample (2), but my experience is 180 from yours. I don't expect them to kiss my feet though....maybe that's the difference. Quick, couteous, high quality service is what I expect and I get it. In my experience, it's people trying to live higher than their means that demand the butt kissing.

  • Reply to

    the315185: Is There A Problem?

    by cheblammo May 29, 2016 11:03 AM
    wngr123 wngr123 Jun 1, 2016 9:06 AM Flag

    "The3 = Duh3"

    I think he may be on a 5 day, 20 city tour of Mexico.

  • Reply to

    the315185: Is There A Problem?

    by cheblammo May 29, 2016 11:03 AM
    wngr123 wngr123 May 31, 2016 4:43 PM Flag

    "For the year ended 2007, we had negative cash flow from continuing investing activities of $1.7 billion compared to positive cash flow from continuing investing activities of $19.7 billion in 2006. "

    I said operating cash flow you moron, not investment cash flow. Do you even begin to understand the difference???? Of course not. Stop embarrassing yourself.

  • Reply to

    the315185: Is There A Problem?

    by cheblammo May 29, 2016 11:03 AM
    wngr123 wngr123 May 31, 2016 2:08 PM Flag

    "You cannot be trusted. You are a liar. Full stop. General Motors made statements, as posted by the Wall Street Journal, indicating losses in Venezuela in 2014 and 2015 of 1 Billion dollars."

    Careful, you're going to blow another gasket. I won't call you a liar, but please give me a link to the WSJ article you are referring to. You casual acquaintance with factual material makes me want to verify everything you say.

    By the way, I can provide direct references to SEC submissions for everything i said.

    But here's the question, why are you still talking about Venezuela? Is it because you are embarrassed to discuss Mexico?

    "I am still waiting for you to post about current Stock levels, product mix, management performance etc."

    What are you talking about? I don't recall any questions you posed on those topics. Refresh my memory. I will answer as soon as you will answer MY question re: balance sheet losses or income statement losses.

  • Reply to

    the315185: Is There A Problem?

    by cheblammo May 29, 2016 11:03 AM
    wngr123 wngr123 May 31, 2016 1:50 PM Flag

    "Yes GM sold assets"

    You should never, ever try to discuss things that you don't understand.

  • Reply to

    the315185: Is There A Problem?

    by cheblammo May 29, 2016 11:03 AM
    wngr123 wngr123 May 31, 2016 10:41 AM Flag

    "Simply stated, cash burn means GM has more money going out than it has coming in. That situation is getting worse, as sales fall."

    And just for your information, GM had positive cash flow from operations of $7.7B for the year 2007 and INCREASED cash on hand from 2006 to 2007.

    Please specifically identify your source and for God's sake, don't say GM. Was it in an article? Which article? Please identify your source Mr. Google.

  • Reply to

    the315185: Is There A Problem?

    by cheblammo May 29, 2016 11:03 AM
    wngr123 wngr123 May 31, 2016 10:34 AM Flag

    "From the end of June 2007 to the end of June 2008, GM's cash and cash equivalents shrank at an average rate of about $1.6 billion per quarter. That shrinkage more than doubled in the second half of 2008, to an average of $3.5 billion per quarter."

    Doesn't answer my question. I asked how much cash did GM have at the end of 2007. The reason I picked 2007 is because the ONE assembly plant that GM built in that time frame, San Luis Potosi, would have been nearly complete by that time and nearly all progress payments would have been made.

    How much cash GM had at the end of 2007 is a simple question with a simple answer that is apparently beyond your ability to answer.

    I'll help you. At the end of 2007, GM had $24.5B in cash and another $2.1B in marketable securities. That's $26.6B that they had after finishing SLP (which only cost about $700M to build by the way which was about 2.5% of their cash on hand). Would $700M extra have prevented their bankruptcy?

    Here's my next question to you....let's see if you are able to answer this one. How much cash would you like for them to have on hand for a rainy day?

GM
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