- Feb 1, 2007
- Dallas, Texas
- 00 4Runner | 02 919 | 87 XJ6 | 86 CB700SC
Their sudden shift to quarterly sales reports on a BS reason, the fact that their books are all STILL listed as non-GAAP and there's a lot of disturbing notes in what they did file publicly.Where do you get the idea GM is bleeding cash? Everything I can find says they are doing fine.
Here's their last 10 years of year end reports.
Look through that and you might find some cause for alarm - things are not adding up. 2017 was a disaster, 2018 didn't make up for it and we don't know what 2019 looks like yet. Recent years weren't great either.
This article still applies: https://www.forbes.com/sites/joannmuller/2010/08/20/why-you-cant-trust-gms-financials/#71c0b9c94638