Be Skeptical of the Pop Media Reports on GM Sales Figures
As we have mentioned many times, GM did not really turn a profit last year. The only reason it was in the black was because it didn't have to pay taxes, the way FORD does. The arrangement was part of the gubment bailout of GM. If they had paid taxees (not that we support taxes, but this is a company that got BILLIONS of other peoples' dollars), they would have been 14 billion in the red!
Now comes this story, refuting the recent sales figures reported by GM.
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