Quote:
Originally Posted by Dragoneye
Well...as I told the folks who were convinced the gov't would take over and make GM produce Priuses and Cobalts: "Open your eyes and get ready to watch."
Money...is coming from ....gee...what is it they're selling a crap-ton of right now....OH -- CARS and TRUCKS!! 
No Pontiac, Saturn, Hummer, and Saab means instant savings because those brands (despite opinions) were money-pits. Combined with the massively successful vehicles they've been releasing lately, and the restructured cost structure...they're MAKING MONEY, and thus paying off the loans. You really don't need to look far, my friend. They've already made two payments.  |
A net loss means they have a NEGATIVE cash flow. They spent more than they made. They LOST MONEY. So, I'll ask the question once again: Where does this money come from? You need profit to pay off loans. It's impossible to do so otherwise. First 1/4 numbers for '10 are unknown, but based off of what we have, they won't even be close to paying off completely for a long, long time.