Over the past couple years, I've seen mainstream analysts predict the end of the American automakers within 5 to 10 years. With the UAW's recent acceptance of 71 cents on the dollar against future liabilities, GM's push to develop the flextreme platform and Congress's action to pass higher CAFE standards to protect this strategy, I am very hopeful for a turn-around.Do the record GM losses recently announced worry anyone other than myself. 38.7Bn in a year is quite a lot, it may hurt their ability to research or subsidize part of the cost of the Volt.
Yes, the big 3 will have more bad news to report in the coming quarters, but 2010 and beyond should really show how much these efforts have paid off. Also, notice in the latest news that the hit came from GMAC, where GM had given up more than half of those revenues for a large cash infusion. Things seem to be leveling off, and not plummeting. Moreover, the stock didn't move on the news, so analysts don't seem to think it is indicative of future problems.