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General Motors reporting quarterly results this morning.
Let's take a look at the shares how they're reacting up -- 45 cents -- actually saw good news and affected General Motors profits fell.
Over your -- General Motors stock by the way now down 40% since its IPO.
Joining a company announced call per -- with total -- score dot com.
You know Karl -- -- Wall Street has its own way of interpreting is but I think got anyone looking at the numbers -- General Motors would say.
This is ugly stuff and it looks like it could get worse.
Well I think everything's gonna be kept in perspective of course.
Charles and and if you fixate on just the numbers that's exactly the conclusion you're gonna come what other -- lot of other.
Well I think.
Things like product you know at the end of the day that's gonna be my -- my main focus because I think that's where he successful company starts and ends this with good product called -- anybody lot of -- -- their products right now.
Yeah I think they do I think that you know sales are strong.
You know they've they've.
They've lost a couple percentage points in the market since a year ago but that's because a year ago.
Two big players Honda and Toyota were really down from their own challenges that were you know from the tsunami in other -- that are in the earthquake.
So the world changed a lot in the last year and I could make the argument that given that how much more competition there is right now and that.
Few years ago we were always talking about how much money.
It's government General Motors how much money General Motors was losing how much market should they were losing like on a regular basis and now work in -- well they didn't make as much money as -- right.
A year ago so you admit then and they had a pretty good situation limited competition a year ago when everyone had the -- months and -- the -- -- work.
Now that the players of back end up another quarter of -- percent sales last month.
The -- up 45% to -- up 78%.
Roll up 35%.
This city crews down 39%.
Obviously those -- unsustainable trends and however and then we saw this before we saw this is why these guys got trouble the last time.
Not at these names this Hondas and its oil and as a back in the game of Volkswagen's in the game strong can General Motors of my particular they're gonna lose a -- In dollars in Europe this year.
Europe's the problem here you know the product they've got already out there and and more that's coming is very strong you know I was just in the Cadillac -- a few weeks ago.
This is a car that competes head to head with -- three series and actually -- as well or better which I don't think anyone would have believed was possible from Cadillac a couple years ago.
You know they've got they've got to get Europe.
Fixed and we know that everyone suffering anyone in Europe is dealing with that right now and and I think maybe what you you alluded to is that.
The bailout for Europe has got to come and it's gonna have to be.
Pretty much as extreme as it was in this country a lot of restructuring for cost right and payment and an overcapacity.
It's a mess over -- and they've got to fix our Karl I think it's something the message to but we appreciate your expertise thanks lot but it.
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