# GM stock?????

**URL:** <https://forums.speedlife.net/t/gm-stock/50887>\
**Category:** NYSpeed Off Topic\
**Created:** [July 1, 2008, 1:13pm UTC](https://forums.speedlife.net/t/gm-stock/50887 "2008-07-01T13:13:42Z")\
**Posts on this page:** 1\
**Showing post:** 19

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**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\
**Post date:** [July 1, 2008, 8:17pm UTC](https://forums.speedlife.net/t/gm-stock/50887/19 "2008-07-01T20:17:13Z")

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> [@Roush97](#):
>
> im sure a lot of that 38 billion came from the buy-out options.

> [@eclipsed](#):
>
> although, i believe in 2007 they took an outrageously large one time impairment charge to write down assets with zero value on their books. i think the actually had a much stronger year in 2007 from an income from operations perspective.

Yeah IIRC something stupid like $30 billion was a payout to the UAW in exchange for shoveling off a ton of legacy liaibilities onto them. Past workers medical or some such shit.

> [@Just Karter](#):
>
> I vote for gm to make a car that dosent suck.  
> Gm has made 1 car that hasnt sucked sense the last gbody rolled off the line, and thats the 4th gen ls1 fbody.

Their sales revenue really hasn’t been bad. Their expenses have just been impossibly high.

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