- Feb 21, 2023
- 5,536
- 13,182
GM made their earnings report and once again had really strong sales in spite of putting out shit ICE products and emphasizing new EV models.
They go on about impacts from tariffs, but that's all bullshit cause there's so many exemptions it won't affect them at all.
What they failed to mention was impending impairment charges for the 6.2L debacle, thats going to be billions $$$. Like I said the other day, they won't address that until Q2 when it becomes self-evident. Right now they got their financial cronies on wall street negotiating with institutional investors and hedge fund managers so they don't sell off the stock.
They did say they were going to freeze stock buybacks, presumably to fix the 6.2L and loss of sales going forward! Demand has weakened too and some dealers have had trucks sitting on their lots for over 200 days (6+ months) cause nobodycan afford this overpriced shit. It doesn't have shit to do with tariffs, that's just a convenient excuse.
They go on about impacts from tariffs, but that's all bullshit cause there's so many exemptions it won't affect them at all.
What they failed to mention was impending impairment charges for the 6.2L debacle, thats going to be billions $$$. Like I said the other day, they won't address that until Q2 when it becomes self-evident. Right now they got their financial cronies on wall street negotiating with institutional investors and hedge fund managers so they don't sell off the stock.
They did say they were going to freeze stock buybacks, presumably to fix the 6.2L and loss of sales going forward! Demand has weakened too and some dealers have had trucks sitting on their lots for over 200 days (6+ months) cause nobodycan afford this overpriced shit. It doesn't have shit to do with tariffs, that's just a convenient excuse.
