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Detroit's Big Three automakers surge on U.S. sales to beat estimates

Tampa Bay Times -- SOUTHFIELD, Mich.— Just three years ago, two Detroit automakers headed for bankruptcy and a third suffered record losses. Now North America has become a money machine for the Detroit Three, which earned $4.5 billion there in the first quarter on surging U.S. sales.

General Motors, Ford and Chrysler Group exceeded estimates with first quarter net income that totaled $3.2 billion. The most pleasant surprise was healthy North American operating margins of 11.5 percent at Ford, 7 percent at GM and 4.5 percent at Chrysler. Even combined losses of $405 million in Europe for GM and Ford were better than analysts anticipated from a region in an intractable financial crisis.

Such pleasant surprises would have been unimaginable in 2009 as GM and Chrysler filed Chapter 11 and Ford was coming of

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Submitted May 05, 2012 By: aservant

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honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: May 8, 2012 4:37:27 AM Ignore honda0105 Report Abuse at the rate fuel is going, might not be able to sell that much longer.
52MPG Champion Author Dayton Posts:7,254 Points:1,740,670 Joined:Apr 2006	Message Posted: May 6, 2012 4:09:33 PM Ignore 52MPG Report Abuse Sell them while you can.
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: May 6, 2012 7:12:01 AM Ignore honda0105 Report Abuse cm: sad part is, Faux Noise has brainwashed way more people than we will ever know.
tomok Champion Author Portland Posts:32,970 Points:2,344,535 Joined:Aug 2006	Message Posted: May 6, 2012 2:13:00 AM Ignore tomok Report Abuse Big three automakers surge on US sales to beat estimates? One automaker has got the message, the other two would not exist without massive taxpayer money. And, the taxpayers will probably never be paid back for their rescue efforts. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible! The price of fuel at the pump is too high! 12/22/2012!
kgbellman Champion Author Ann Arbor Posts:2,703 Points:729,890 Joined:Mar 2011	Message Posted: May 5, 2012 11:55:33 PM Ignore kgbellman Report Abuse Things are turning around
ammamama13 Rookie Author California Posts:96 Points:68,285 Joined:May 2011	Message Posted: May 5, 2012 11:41:08 PM Ignore ammamama13 Report Abuse ok
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: May 5, 2012 11:36:29 PM Ignore tedjm1 Report Abuse Yes, pay us back. Obama, sell the stock when the price is right (NOT LOW)
cmsense Champion Author Columbus Posts:1,358 Points:165,345 Joined:Jan 2012	Message Posted: May 5, 2012 11:33:06 PM Ignore cmsense Report Abuse Still residing under that rock? They've been repaying these loans.You'll have an IQ leap of 50 points when you quit watching Fixed Noise for your talking points. [Edited by: cmsense at 5/6/2012 12:34:18 AM EST]
chuckwthompson Champion Author Charlotte Posts:3,750 Points:576,210 Joined:Sep 2011	Message Posted: May 5, 2012 11:32:03 PM Ignore chuckwthompson Report Abuse Now if GM & Chrysler could just pay back Americans all the money Obama stole from us to give them!
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,069,050 Joined:Mar 2004	Message Posted: May 5, 2012 11:31:56 PM Ignore miser709 Report Abuse This could make a good profit for the US Gov't if the sell the stock at the right time.
GasholeMI Champion Author Lansing Posts:10,129 Points:1,716,340 Joined:Jul 2008	Message Posted: May 5, 2012 11:30:20 PM Ignore GasholeMI Report Abuse Great, now they can pay back the US taxpayer.
58salty Champion Author Jacksonville Posts:6,599 Points:627,940 Joined:Aug 2011	Message Posted: May 5, 2012 11:28:38 PM Ignore 58salty Report Abuse It would be real American of the ones that took the bail out money to pay it back. ANY payback would help the gross over spending of this administration. OH, Sorry, I forgot, it was Mr Bush that is to blame.
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,690 Joined:May 2009	Message Posted: May 5, 2012 11:28:31 PM Ignore jdc17327 Report Abuse great...but is there really a future for anything these days?
TIGERPAW46 Champion Author Florida Posts:7,120 Points:1,353,810 Joined:Mar 2004	Message Posted: May 5, 2012 11:28:11 PM Ignore TIGERPAW46 Report Abuse If you want to criticize Romney about the Bailout money wasted. Remember after wasting our tax money the Whitehouse & et al told them to claim bankruptcy anyway, which they could have done to begin with. Then worse Washington helped force the sell of both GM & Chrysler to foreign Companies. Ones who bring in their own employees from their own companies to fill most of the higher paying positions, hiring far less US citizens & mainly in the lower paying positions. Also in addition to more Salaries going to foreign employees any profits now go to foreign company owners. So Whoopee if they are temporarily doing better, If they even truly are & this isn't just another series of twisting numbers to deceive the Public.
Rageagainsttm Champion Author Tampa Posts:8,298 Points:1,902,005 Joined:Jul 2007	Message Posted: May 5, 2012 11:27:56 PM Ignore Rageagainsttm Report Abuse nice
Zonk Champion Author Michigan Posts:6,476 Points:2,101,040 Joined:Oct 2005	Message Posted: May 5, 2012 11:24:40 PM Ignore Zonk Report Abuse If auto sales mature as planned, there will be celebrating in Detroit.
papa56NC All-Star Author North Carolina Posts:725 Points:142,760 Joined:Apr 2012	Message Posted: May 5, 2012 11:24:29 PM Ignore papa56NC Report Abuse Gid-r-dun then!!!
TFzoom All-Star Author Chicago Posts:865 Points:920,080 Joined:Jun 2008	Message Posted: May 5, 2012 11:23:41 PM Ignore TFzoom Report Abuse The article says "Surge" I don't believe they mean share price.
gus8441 Champion Author Baltimore Posts:2,109 Points:441,100 Joined:Feb 2012	Message Posted: May 5, 2012 11:22:50 PM Ignore gus8441 Report Abuse great!
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: May 5, 2012 11:22:17 PM Ignore frostyWV Report Abuse good
bobdec Champion Author Miami Posts:8,959 Points:1,768,845 Joined:May 2008	Message Posted: May 5, 2012 11:22:11 PM Ignore bobdec Report Abuse About time
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,130 Joined:Oct 2008	Message Posted: May 5, 2012 11:21:29 PM Ignore LCSTEELERBOB Report Abuse GOOD
jem069 Champion Author Detroit Posts:2,533 Points:686,105 Joined:Jan 2011	Message Posted: May 5, 2012 11:21:02 PM Ignore jem069 Report Abuse Ok
BobD2009 Champion Author Long Island Posts:6,984 Points:1,238,810 Joined:Apr 2009	Message Posted: May 5, 2012 11:18:22 PM Ignore BobD2009 Report Abuse I'll stick with Ford.
DEG Champion Author Las Vegas Posts:17,615 Points:3,493,730 Joined:Jul 2003	Message Posted: May 5, 2012 11:16:31 PM Ignore DEG Report Abuse Good for the auto industry. I'd still never buy another GM nor Chrysler vehicles since they stole from the American taxpayers. it would be good to see the UAW go the way of the dinosaur.
crreed1 Champion Author West Virginia Posts:1,980 Points:2,525,360 Joined:May 2005	Message Posted: May 5, 2012 11:15:50 PM Ignore crreed1 Report Abuse good
pyndasky Champion Author Maryland Posts:9,995 Points:1,780,830 Joined:May 2008	Message Posted: May 5, 2012 11:14:35 PM Ignore pyndasky Report Abuse let's hope it can be sustained
umitb Champion Author Indianapolis Posts:3,670 Points:842,465 Joined:Apr 2010	Message Posted: May 5, 2012 11:13:26 PM Ignore umitb Report Abuse ok
jetskijerry Champion Author North Carolina Posts:3,891 Points:771,295 Joined:Mar 2011	Message Posted: May 5, 2012 11:13:26 PM Ignore jetskijerry Report Abuse I hope Ford does the best!
TIGERPAW46 Champion Author Florida Posts:7,120 Points:1,353,810 Joined:Mar 2004	Message Posted: May 5, 2012 11:12:58 PM Ignore TIGERPAW46 Report Abuse I sure don't see any economic boost anywhere else. The hiring was down past two months according to the experts. Even if the Auto industry improved some it's too bad GM & Chrysler were sold out to Foreign Companies. Which means more of any money made will go overseas than before. They still use as much foreign made as before but now additional income salary goes to foreign employees & any profit to the Foreign owners so Hooray we gave more money to another Country. Oddly enough however, Toyota is making more vehicles within the USA now than previous. So I guess that means if you want more of your money spent on vehicles, purchased from the prior top four, to stay in the USA you have to buy from Ford Or Toyota. [Edited by: TIGERPAW46 at 5/6/2012 12:14:22 AM EST]
jetskijerry Champion Author North Carolina Posts:3,891 Points:771,295 Joined:Mar 2011	Message Posted: May 5, 2012 11:12:49 PM Ignore jetskijerry Report Abuse Good to see it.
cmsense Champion Author Columbus Posts:1,358 Points:165,345 Joined:Jan 2012	Message Posted: May 5, 2012 11:12:32 PM Ignore cmsense Report Abuse Oh, BTW, for the skeptics- NO,THIS WON'T BE REPORTED ON FIXED NOISE.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: May 5, 2012 11:12:27 PM Ignore pastorpaulcg Report Abuse Ok
big_mac64 Champion Author Tennessee Posts:10,593 Points:1,485,690 Joined:May 2005	Message Posted: May 5, 2012 11:12:17 PM Ignore big_mac64 Report Abuse Notice folks...Ford is the only one to NOT take bailout money!!!!
rawdog1313 Champion Author Lexington Posts:3,294 Points:1,641,830 Joined:May 2008	Message Posted: May 5, 2012 11:11:55 PM Ignore rawdog1313 Report Abuse Wow, the Mitt wanted to let them fail! I'm just saying the GOP is not for Country First!
JCS319 Champion Author Tacoma Posts:20,419 Points:2,540,560 Joined:Dec 2005	Message Posted: May 5, 2012 11:11:25 PM Ignore JCS319 Report Abuse Yeah, and that idiot Romney wanted to let Detroit go bankrupt. Obama in 2012!
HKL All-Star Author Wilmington Posts:639 Points:359,430 Joined:Oct 2010	Message Posted: May 5, 2012 11:11:25 PM Ignore HKL Report Abuse ok
Fitwit Champion Author Stockton Posts:6,389 Points:1,353,920 Joined:May 2009	Message Posted: May 5, 2012 11:11:16 PM Ignore Fitwit Report Abuse Sounds like some good news.
TheSicilian Champion Author Jacksonville Posts:5,369 Points:1,467,800 Joined:Feb 2009	Message Posted: May 5, 2012 11:09:04 PM Ignore TheSicilian Report Abuse good now if only more people had jobs so they could buy cars
jrschl Champion Author Louisville Posts:2,957 Points:679,115 Joined:Jun 2011	Message Posted: May 5, 2012 11:08:57 PM Ignore jrschl Report Abuse I only believe about a 1/3 of this article.
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:895,585 Joined:Aug 2010	Message Posted: May 5, 2012 11:08:29 PM Ignore heartbroken2010 Report Abuse share the wealth.
regout Champion Author Quebec Posts:2,950 Points:831,730 Joined:May 2010	Message Posted: May 5, 2012 11:08:19 PM Ignore regout Report Abuse If it's real, it's ok.
mabrams184 Champion Author Lexington Posts:2,095 Points:532,085 Joined:Aug 2011	Message Posted: May 5, 2012 11:07:33 PM Ignore mabrams184 Report Abuse Better management and less skimming.
Quick68 Champion Author Columbus Posts:8,218 Points:1,224,825 Joined:Dec 2009	Message Posted: May 5, 2012 11:06:39 PM Ignore Quick68 Report Abuse I don't believe this article. They will say anything now just to keep the people happy.
cmsense Champion Author Columbus Posts:1,358 Points:165,345 Joined:Jan 2012	Message Posted: May 5, 2012 11:05:14 PM Ignore cmsense Report Abuse Now, this time, unlike the 70's, auto MANAGEMENT and DESIGNERS need to bring efficient WELL BUILT autos to the American market.The American workforce has given ENOUGH concessions due to INEPT MANAGEMENT.No one forgot the Pinto's and Vega's.
joel27nc Champion Author Raleigh Posts:10,527 Points:1,856,420 Joined:Mar 2008	Message Posted: May 5, 2012 11:04:44 PM Ignore joel27nc Report Abuse Great! How about making them affordable!
emptypockets2008 Champion Author Michigan Posts:14,647 Points:1,306,720 Joined:Sep 2008	Message Posted: May 5, 2012 11:02:47 PM Ignore emptypockets2008 Report Abuse OK
USCCRN Sophomore Author Long Island Posts:145 Points:104,240 Joined:Mar 2012	Message Posted: May 5, 2012 10:59:41 PM Ignore USCCRN Report Abuse This is great, the economy is becoming better.
FlyNFool Champion Author South Carolina Posts:8,234 Points:1,683,250 Joined:Aug 2008	Message Posted: May 5, 2012 10:59:17 PM Ignore FlyNFool Report Abuse We shall see.
crashintuc34 Champion Author Tucson Posts:4,042 Points:809,940 Joined:May 2010	Message Posted: May 5, 2012 10:58:47 PM Ignore crashintuc34 Report Abuse Good news.