Willing to give GM cars another look?

It looks like GM is on the comeback trail.

General Motors rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years, Associated Press reported Monday.

That draws the company closer to a stock offering that would repay at least part of its government aid, AP wrote.

The $865 million first-quarter profit is a dramatic reversal from the huge $6 billion loss in the same period last year. The last time the company made a quarterly profit was the second quarter of 2007, when it earned $891 million.

The Detroit automaker said it made money because debt and other expenses were slashed by its stay in bankruptcy court — and because of strong new-model sales.

Does that surprise you?

When you’re in the market for a new car, would you give GM another look?

Also, are you confident enough to buy a new car soon, or are you still concerned about the economy?

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12 comments Add your comment

cusatm

May 17th, 2010
12:27 pm

NO! After the goverment trashed bond and share holders, and the CEO of GM continues to lie about the “loan being paid off” I will never buy another GM car NEVER!

Maj. Wood

May 17th, 2010
2:21 pm

If I didn’t have to pay my debts, I’d have a lot more money too! Might even brag about it just like the corporate welfare queens at GM.

Baby Joker

May 17th, 2010
2:26 pm

Heck NO!! They got enough of my taxpayer cash, they ain’t gettin’ no more. Take it up with your socialist aunion rep and go build a fancy Beretta. Corvettes are for LOSERS

I love my JDM!!

May 17th, 2010
2:28 pm

So GM hasn’t paid off their loan?! Nice that the CEO is lying in the commercials. I have never owned a GM, nor will I ever. The problem with some American car companies is they cheapened down the product so much that people moved on to better quality… of course, now Toyota is paying the price for buying cheaper American made brakes… I used to be all about Toyota but I moved on last year after my husband bought a Subaru… then I bought one… and I LOVE IT!!!!!!!!!! Subaru wins awards for a reason… GM lost sales for a reason… pieces of crap..

Melkor

May 17th, 2010
4:59 pm

Yes, I will certainly take a look. If they are any good and fit my needs, i will certainly consider buying.

Muhammad

May 17th, 2010
5:31 pm

Yes I would. The new cars, the Buicks in particular, have alot going for them.

Why????

May 17th, 2010
7:18 pm

Why would anyone go back to GM? I found Honda after many problems with Ford and will stay with Honda. I would consider returning to Ford, but GM “burned” my hometown back in the 1980’s so they’ve been off my list since then.

TnGelding

May 18th, 2010
8:21 am

GM and Ford have some excellent models available and should be considered by every red-blooded American. Never mind that content percentages now include Canada and Mexico. But hey, at least it ain’t those stinking commies! Just kidding of course. The Pentagon has to have a bogeyman to justify its bloated budget. If only it would spend it here in the good ole USA.

The government stepped in and invested where private interests wouldn’t. Anyone holding GM bonds or stock should have known they were taking a huge risk.

mike p.

May 19th, 2010
12:28 pm

all you foreign nameplate buyers who cuss gm for taking BRIDGE LOANS are NOT PATRIOTS! gm has paid a portion of their loans back WITH INTEREST to the federal gov’t! the rest will be paid back as soon as they go back public with stock! if you non-patriots had your way, our economy would have crashed a hell of alot worse by taking another 3-5 million jobs out ! it would make more sense if you non-partiots would go to korea, japan, or some other country where they make the crap you buy! an american buys american and supports their neighbors and communitys! as far as the bankruptcy issues, i also hated to see gm go through it, but it wasn’t the hourly employees that caused gm’s problems-look at their board of vultures! they have not only picked gm’s bones clean, but the vultures all set on each other’s boards, and most of the other american companies have suffered by taking work overseas, and also taking out r&d money, and company upkeep and maintenence funds and putting it in their pockets! the vultures should be prosecuted to the fullest extent of the law for what they’ve done to our country!!!!!

Winkasdad29

May 19th, 2010
3:58 pm

I own a 2005 Toyota Highlander. It’s a good car, but kind of boring. I’d love to have a Buick Enclave. The warranties for GM vehicles are better than Toyota’s. I drove a rented Buick Lacrosse two weeks ago, and didn’t want to give it back. Also drove a Chevy Malibu, and it was pretty good, too.

Understanding Atlanta

May 20th, 2010
4:46 pm

GM wouldn’t have had so many debts if it weren’t for High legacy costs compared to foreign car makers. Before the bankruptcy, GM was spending the vast majority of its revenue on paying retiree benefits (granted they earned them), and union demands. American auto workers made 2 to 3 time what foreign auto workers made and we wonder why Honda and Toyota were cheaper.

If pay was comparable, these companies would have more money to develop better cars. Union when created were great at helping workers against overbearing employers. Now they are keeping these companies from not only competing internationally, but as seen with GM from even saving jobs.

Detriot was a victim of its own success. Detroit didn’t realize that one day Toyota and Honda would come about without having to pay retiree benefits and without the UAW and pay workers a decent salary with decent benefits. Unions were fighting for more money and more benefits all the while they were loosing the jobs.

AND YES I WOULD LOOK AT GM. Especially Buick or Cadillac. They are some of the best built, best looking cars on the road. The new Lacrosse and CTS are absolutely AMAZING!!

JWC

May 23rd, 2010
12:31 pm

I would love to buy an American car.I haven’t owned one since 1984. It was a Mercury Bobcat (Ford Pinto with more chrome). I had to rebuild the transmission at 40,000 miles (yes, 40,000). Since then I have owned a Honda Civic, Nissan Stanza, Honda Accord, Acura CL, Honda Pilot and a Lexus GS350.

I do hope to live to see the day that American cars are equal in quality to foreign cars. We have some of the finest engineers and hardest working men & women in the world. If the UAW would concede enough to lower manufacturing costs, then US car comaonies to spend it on R&D.I could somehow work out that deal, then we could send the Japanese auto manufatures packing.

I like the Buicks & the Caddy’s myself but I’m just not convinced that ther are the same quality as say an Acura & a Lexus. Not yet, but one day I hope they will.