General Motors GM Earnings 2/26/09 - February 26, 2009

General Motors ( GM ) has come out with earnings today, February 26, 2009, and some of the details are listed below. In Pre market trading, GM's stock price is currently $2.36 Down 7.45%.

• Revenue - $30 Billion
• Loss of 5.90 Billion Ex items - this is much greater then the 4.5 Billion loss expected.
• General Motors burned through 6.2 billion in cash during the quarter
• GM lost 16.8 billion in 2008
• GM now has 14 billion in cash on hand - getting really close to the 10-12 billion needed to stay alive.

"2008 was an extremely difficult year for the U.S. and global auto markets, especially the second half," Chairman and CEO Rick Wagoner said. "These conditions created a very challenging environment for GM and other automakers, and led us to take further aggressive and difficult measures to restructure our business.

"We expect these challenging conditions will continue through 2009, and so we are accelerating our restructuring actions. At the same time, we are continuing our commitment to exciting, fuel-efficient cars and trucks, and the leadership in advanced propulsion technology."

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General Motors GM 2/9/09 Stock Report 2009

I haven't written about GM in depth since the Bailout was approved back in December. I think it is time once again to do some analysis on the business developments going on with this company.

General Motors ( GM ) - Stock Report - February 9, 2009

Today, 2/9/09, GM is out with several pieces of news. Below are the latest news articles for General Motors. The stock is trading at $2.89 after hitting a 52 week low November 20th at $1.70 per share. GM is expected to submit a plan by February 17, 2009 to the US Congress to justify the bridge loan the Bush Administration approved. The plan is one of the conditions for GM to receive the aid package it desperately needs.

Gov’t Explores Move To Push GM Into Bankruptcy
GM in talks to buy back parts of Delphi-source
GM Vice Chairman Bob Lutz to retire at end of 2009
General Motors Said to Plan Negotiations With Bondholders, UAW , Cut more Jobs

General Motors stock has support at around $2.60 after making what appears to be a double bottom the other day at $2.63. Buying the stock is risky due to a possibility of bankruptcy in a few months but if they do survive, there could be some nice upside. If you are buying GM stock I would be putting a stop at $2.60 support. A break below $2.60 and you could have another retest of $2. Things could get rocky in the next few months if GM asks Washington for more money!

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General Motors GM & Ford F 12/18/08 Stock Report

General Motors ( GM ) and Ford ( F ) stocks just took a nose dive at 11:55am this morning, 12/18/08. General Motors just hit a low of $3.52 and Ford hit a low of $2.81. I'm sure this has something to do with the bailout plan but I can't find any news. This is something to watch. The Dow Jones and Stock Market's do not seem to be effected by these drops.

Stay Tuned......


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General Motors GM - Ford F - 12/12/08 - Stock Report

Today, December 12, 2008, General Motors ( GM ) and Ford ( F ) stocks are hurting as the auto bailout failed in the Senate last night. As you can see below, both stocks are under extreme pressure as well as the Stock Market Futures. We should hear soon from the White House whether or not they will use TARP money to hold these companies ( along with Chrysler ) over for the next few months or face bankruptcy. Bankruptcy would cause over 2 million people to lose their jobs adding pressure to the unemployment in America. Most think President Bush will not let this happen. Stay Tuned......

Stock Quotes 12/12/08

Ford ( F ) Pre Market - $2.53
General Motors ( GM ) Pre Market - $3.18
Ford ( F ) Open - $2.73
General Motors ( GM ) Open - $3.45
Ford ( F ) Close - $3.03
General Motors ( GM ) Close - $3.91

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General Motors GM - Ford F - 12/11/08 - Stock Report

Today, 12/11/08, General Motors ( GM ) and Ford ( F ) stocks are up in pre market trading after the House passed the auto bailout bill by 19 votes. After, closing at $4.60 on Wednesday, GM stock is set to open higher at $4.75 per share. Ford ( F ) will also be opening lower around $3.20 after closing at $3.25 on Monday.

Last night, 12/10/08, The House of Representatives passed the auto bailout bill 237 -170. The bill needed just 218 votes to pass. The 14 billion bridge loan bill now stumbles into the Senate as early as tomorrow. The real problems are in the Senate as there are many voters opposed to this bailout bill. If Ford, General Motors, and Chrysler get this bridge loan, they will be back in a few months for more money. Conditions aren't likely to get better. Some say by the time this is all said and done, they will need 100 billion combined. However, this would save over 2 million jobs. This is a touchy subject and I could argue either side. Bankruptcy would kill our already horrible economy but it might eventually bring more jobs if we can get this problem fixed in bankruptcy. These car companies need to make better cars not to mention cars people want to drive. We will have an update when more news comes.

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General Motors GM - Ford F - 12/09/08 - Stock Report

Today, 12/09/08, General Motors ( GM ) and Ford ( F ) stocks are down in pre market trading. After, closing at $4.93 on Friday, GM stock is set to open lower at $4.75 per share. Ford ( F ) will also be opening lower around $3.32 after closing at $3.38 on Monday.

The big three automakers, General Motors, Ford, and Chrysler are getting closer to receiving bailout money but it still isn't a done deal. Democrats sent a proposal to the White House last night but Republicans are seeing fault in deal. Democrats are expected to vote in a special session this week in regards to giving the big three auto markers some sort of bailout.

The terms of the loan have 15 billion being handed out and the Government potentially taking stakes in the companies. These auto makers will most likely need more capital in a few months.

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General Motors GM - Ford F - 12/08/08 - Stock Report

Today, 12/08/08, General Motors ( GM ) and Ford ( F ) stocks are up significantly in pre market trading. After, closing at $4.08 on Friday, GM stock is set to open higher at $4.80 per share. Ford ( F ) will also be opening higher around $3.17 after closing at $2.72 on Friday. The big three automakers, General Motors, Ford, and Chrysler are getting close to receiving bailout money and these stocks are soaring December 8th, 2008.

Democrats are expected to vote in a special session this week in regards to giving the big three auto markers some sort of bailout. It is not clear how much of it will be given however. This is sending stock market futures higher in addition to the potential stimulus that is coming when Barack Obama becomes President.

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