The one positive being that the impact of the June/July Employee Pricing surge will not be reflected until the next quarterly results. Keep your fingers crossed.mceb said:GM's posted numbers not good for latest qtr.
I thought June was part of Q2?Chris said:The one positive being that the impact of the June/July Employee Pricing surge will not be reflected until the next quarterly results. Keep your fingers crossed.
You have to read the link above.brentil said:I thought June was part of Q2?
A plan that gave employee discounts to all buyers handed GM a 47 percent boost in June U.S. sales and kept Toyota Motor Corp., the world's second-largest automaker, from gaining U.S. market share for the first time since January 2003. GM books revenue and profit when vehicles are produced, so any gains from the June sale will come in future products when dealers replace vehicles they sold.
``All June did was sell down inventory levels, and it did it at low margins,'' Kevin Tynan, an analyst with New York-based Argus Research, said in an interview.
I bet if the TransAm/Firebird were still here that wouldn't be case.Drex said:It's not great, but atleast it's better than the previous quarter. Scary thing is they made money every where, but NA. Even worse, Pontiac was the only division to loss sales during employee pricing.