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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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FlyNFool Champion Author South Carolina Posts:8,254 Points:1,687,900 Joined:Aug 2008	Message Posted: May 5, 2012 10:59:17 PM Ignore FlyNFool Report Abuse We shall see.
crashintuc34 Champion Author Tucson Posts:4,062 Points:813,840 Joined:May 2010	Message Posted: May 5, 2012 10:58:47 PM Ignore crashintuc34 Report Abuse Good news.
mgune9 All-Star Author Dallas Posts:914 Points:200,395 Joined:Feb 2012	Message Posted: May 5, 2012 10:57:57 PM Ignore mgune9 Report Abuse great news - fingers crossed it will maintain and certain parties don't have $ signs to cause problems with a comeback too early
Shakleelady31 All-Star Author Fort Wayne Posts:571 Points:403,100 Joined:Jan 2012	Message Posted: May 5, 2012 10:56:59 PM Ignore Shakleelady31 Report Abuse Automotive is a cyclical business, after all.
USAv8tor Veteran Author Long Island Posts:348 Points:138,665 Joined:Mar 2012	Message Posted: May 5, 2012 10:56:30 PM Ignore USAv8tor Report Abuse This is great, we're making a comeback! Woo hoo!
PoohMcGoo Champion Author Alabama Posts:3,077 Points:802,635 Joined:Dec 2010	Message Posted: May 5, 2012 10:56:21 PM Ignore PoohMcGoo Report Abuse UAW is seeing $$$$
kgbellman Champion Author Ann Arbor Posts:2,728 Points:734,765 Joined:Mar 2011	Message Posted: May 5, 2012 10:53:36 PM Ignore kgbellman Report Abuse Things are turning around
Beaveronparade Champion Author Hartford Posts:2,108 Points:637,535 Joined:Mar 2011	Message Posted: May 5, 2012 10:53:28 PM Ignore Beaveronparade Report Abuse I agree that any bailouts should be paid back since they are doing so well.
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: May 5, 2012 10:43:30 PM Ignore MadTraveler Report Abuse Great. We'll see in the end how good they are doing.
HA4CNN Champion Author Toronto Posts:5,639 Points:1,546,415 Joined:Dec 2006	Message Posted: May 5, 2012 10:43:26 PM Ignore HA4CNN Report Abuse Don't cut the Americans out yet.
regasaz Champion Author Phoenix Posts:5,775 Points:1,283,130 Joined:Dec 2006	Message Posted: May 5, 2012 10:42:12 PM Ignore regasaz Report Abuse So how about repaying the U.S. Taxpayers for the Bailout?
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: May 5, 2012 10:41:05 PM Ignore tippybuddy Report Abuse ok
eswi Champion Author Madison Posts:2,555 Points:685,330 Joined:Mar 2009	Message Posted: May 5, 2012 10:38:43 PM Ignore eswi Report Abuse OK
n3tbc Veteran Author Wilmington Posts:355 Points:332,825 Joined:Sep 2011	Message Posted: May 5, 2012 10:36:11 PM Ignore n3tbc Report Abuse Take any opening to increase sales in the markets. Many disasters occur and provide chances to make inroads into areas that were previously closed or difficult to make headway.
pgerassi Champion Author Milwaukee Posts:10,911 Points:2,134,530 Joined:Apr 2007	Message Posted: May 5, 2012 10:35:21 PM Ignore pgerassi Report Abuse ok.
rtw777 Champion Author Florida Posts:9,406 Points:1,843,945 Joined:Jan 2008	Message Posted: May 5, 2012 10:32:32 PM Ignore rtw777 Report Abuse GM and Chrysler still owe tax payers big bucks.
taximom5IL Rookie Author Champaign Posts:9 Points:65,805 Joined:Mar 2012	Message Posted: May 5, 2012 10:31:58 PM Ignore taximom5IL Report Abuse Glad to hear that Detroit's economy is being "fueled" by Chrysler's sales gains; from bankruptcy to billions.
esquared Champion Author Oklahoma City Posts:8,077 Points:1,972,060 Joined:Jan 2006	Message Posted: May 5, 2012 10:31:51 PM Ignore esquared Report Abuse And had Uncle Sugar stayed out of Detroit, wonder if the same result would be evident today?
30mpg80 Champion Author Lexington Posts:10,061 Points:1,489,805 Joined:Nov 2008	Message Posted: May 5, 2012 10:30:39 PM Ignore 30mpg80 Report Abuse Sounds good, hope other manufacturing picks up.
altima2008 Champion Author Philadelphia Posts:8,175 Points:1,739,940 Joined:Apr 2008	Message Posted: May 5, 2012 10:30:15 PM Ignore altima2008 Report Abuse Well see how long that lasts.
livedream Champion Author Michigan Posts:3,695 Points:757,010 Joined:Mar 2011	Message Posted: May 5, 2012 10:29:46 PM Ignore livedream Report Abuse This is good news -- But NorthglennBill has a good point: "I wonder if how much of this is due to the big earthquake in Japan and the fact that Japan couldn't deliver the number of cars that was routine."
straz Champion Author Pennsylvania Posts:1,708 Points:540,385 Joined:Jan 2007	Message Posted: May 5, 2012 10:25:35 PM Ignore straz Report Abuse still good to hear
raj_fl Champion Author Trenton Posts:3,219 Points:729,955 Joined:Oct 2010	Message Posted: May 5, 2012 10:23:25 PM Ignore raj_fl Report Abuse mmmmmm
raj_fl Champion Author Trenton Posts:3,219 Points:729,955 Joined:Oct 2010	Message Posted: May 5, 2012 10:23:07 PM Ignore raj_fl Report Abuse i have to agree with glm4500, that japan could not deliver the quota so most buyers switched to the next cheapest thing the big 3. but that will not last long
GLM4205 Champion Author Toledo Posts:4,067 Points:802,245 Joined:Dec 2010	Message Posted: May 5, 2012 10:21:10 PM Ignore GLM4205 Report Abuse I wonder if how much of this is due to the big earthquake in Japan and the fact that Japan couldn't deliver the number of cars that was routine.
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: May 5, 2012 10:19:45 PM Ignore abcdMA Report Abuse remember--GM and Chrysler were walked into bankruptcy by the administration
cateyes8264 Champion Author Tennessee Posts:2,957 Points:644,115 Joined:Jul 2011	Message Posted: May 5, 2012 10:16:00 PM Ignore cateyes8264 Report Abuse Pay back the bail out then!!! Make the cars affordable, I don't know anyone who has bought a "new" car in the past 2 years.
darkknight1 Champion Author Winston-Salem Posts:4,350 Points:898,010 Joined:Nov 2010	Message Posted: May 5, 2012 10:15:33 PM Ignore darkknight1 Report Abuse Ok
Mowerman08 Champion Author Milwaukee Posts:4,770 Points:1,219,945 Joined:Aug 2008	Message Posted: May 5, 2012 10:15:32 PM Ignore Mowerman08 Report Abuse Improved MPG helps.
Mariuxus Champion Author Chicago Posts:3,770 Points:1,873,015 Joined:May 2007	Message Posted: May 5, 2012 10:14:59 PM Ignore Mariuxus Report Abuse ok...
tc316 Champion Author Twin Cities Posts:10,796 Points:1,729,580 Joined:Apr 2007	Message Posted: May 5, 2012 10:13:44 PM Ignore tc316 Report Abuse Good news
Z51Corvette Champion Author Austin Posts:8,496 Points:1,673,940 Joined:Jan 2008	Message Posted: May 5, 2012 10:12:52 PM Ignore Z51Corvette Report Abuse Congratulations are in order!
serrog Champion Author Nova Scotia Posts:5,579 Points:1,515,055 Joined:Oct 2008	Message Posted: May 5, 2012 10:07:46 PM Ignore serrog Report Abuse Good
DandyDapple All-Star Author North Dakota Posts:715 Points:312,920 Joined:Sep 2008	Message Posted: May 5, 2012 10:05:21 PM Ignore DandyDapple Report Abuse OMG 2012 ...
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: May 5, 2012 10:02:50 PM Ignore clermont40miles Report Abuse Don't know anyone who dares to buy a new car. Lucky to pay the bills -- including the high gas prices that soak up lots of dollars that can't be spent another way. Good for the workers and mfrs - probably won't last long so invest the profits wisely. Two out of three are government owned. Go Ford! Not government owned -- yet!
bondo Champion Author Twin Cities Posts:3,521 Points:764,710 Joined:May 2001	Message Posted: May 5, 2012 10:01:49 PM Ignore bondo Report Abuse Good for them.
OilOnTheCheap Champion Author Ventura Posts:2,116 Points:452,335 Joined:Jan 2012	Message Posted: May 5, 2012 10:01:20 PM Ignore OilOnTheCheap Report Abuse Good for them and good for us.
dollarwatcher Champion Author Wisconsin Posts:7,955 Points:1,537,170 Joined:Mar 2007	Message Posted: May 5, 2012 10:00:43 PM Ignore dollarwatcher Report Abuse Too bad most of their bolt-on's are made over seas.
NorthglennBill Champion Author Denver Posts:7,437 Points:1,474,870 Joined:Oct 2008	Message Posted: May 5, 2012 9:56:05 PM Ignore NorthglennBill Report Abuse I wonder if how much of this is due to the big earthquake in Japan and the fact that Japan couldn't deliver the number of cars that was routine.
katmandue Champion Author Detroit Posts:8,081 Points:2,136,070 Joined:Jul 2006	Message Posted: May 5, 2012 9:51:24 PM Ignore katmandue Report Abuse But overseas sells are down.
WestMichigan Champion Author Grand Rapids Posts:2,488 Points:557,790 Joined:Mar 2011	Message Posted: May 5, 2012 9:47:12 PM Ignore WestMichigan Report Abuse Good news
AKmailman Champion Author Alaska Posts:5,643 Points:1,560,265 Joined:Jul 2004	Message Posted: May 5, 2012 9:47:09 PM Ignore AKmailman Report Abuse the zombies are listening to their leader - think small
WIWalt Champion Author Wisconsin Posts:1,741 Points:418,470 Joined:Mar 2012	Message Posted: May 5, 2012 9:45:07 PM Ignore WIWalt Report Abuse I agree with suzmar I want my money back
carman11 Champion Author North Carolina Posts:3,353 Points:694,650 Joined:Jun 2011	Message Posted: May 5, 2012 9:35:52 PM Ignore carman11 Report Abuse GOOD NEWS.
suzmar Champion Author Texas Posts:2,213 Points:874,085 Joined:Jun 2006	Message Posted: May 5, 2012 9:35:15 PM Ignore suzmar Report Abuse Does this mean GM can start repaying the taxpayers? Probably not, and definitely not the bond-holders that lost their shirts.
milespergallon Champion Author Illinois Posts:9,759 Points:1,911,285 Joined:Feb 2007	Message Posted: May 5, 2012 9:34:45 PM Ignore milespergallon Report Abuse This is good as long as it is better than imports. And, it would be even better if the actually produced some quality high MPG, like over 100 mpg!!!
chicoCA Champion Author California Posts:1,990 Points:1,776,480 Joined:Nov 2007	Message Posted: May 5, 2012 9:30:58 PM Ignore chicoCA Report Abuse great
SparkieMi Champion Author Kalamazoo Posts:3,272 Points:590,355 Joined:Sep 2011	Message Posted: May 5, 2012 9:30:54 PM Ignore SparkieMi Report Abuse Great!!! How about making them affordable!!!!
PathTrack Champion Author Twin Cities Posts:1,204 Points:134,855 Joined:Jan 2005	Message Posted: May 5, 2012 9:29:38 PM Ignore PathTrack Report Abuse Should go back to building them in Detroit. They left a big mess in that city with the unemployment rates.
EMoe57 Champion Author Jacksonville Posts:4,627 Points:1,017,990 Joined:Apr 2009	Message Posted: May 5, 2012 9:27:45 PM Ignore EMoe57 Report Abuse Good on them
bettersight Champion Author Oakland Posts:1,116 Points:255,885 Joined:May 2011	Message Posted: May 5, 2012 9:27:40 PM Ignore bettersight Report Abuse ok
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: May 5, 2012 9:26:16 PM Ignore Blue48 Report Abuse GOOD NEWS!