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To: DebtBomb who wrote (200457)	5/6/2009 8:10:26 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

i agree that GM is done, and so is Chrysler, which is why I own a big chunk of Ford stock. The government has the anti-Midas touch. They could touch a gold bar and it would turn to cow dung. GM gutted it's core engineering staff in the last few weeks. They lost a lot of their core expertise to meet the government's demands. Ford is going to kick GM's a$$ when the future models come out. I would not be buying their new stock when it comes out, and not just because the union will be trying to unload their stake.

To: DebtBomb who wrote (200457)	5/6/2009 10:26:38 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 306849

Magna International - reports disastrous results, stock currently halted. Dividend suspended, stock will perhaps rallye nontheless -g- finance.yahoo.com We posted sales of $3.6 billion for the first quarter ended March 31, 2009, a decrease of 46% from the first quarter of 2008. This lower sales level was a result of decreases in our North American, European and Rest of World production sales, complete vehicle assembly sales, and tooling, engineering and other sales. Complete vehicle assembly sales decreased 63% to $401 million for the first quarter of 2009 compared to $1,086 million for the first quarter of 2008, while complete vehicle assembly volumes declined 72% to approximately 12,043 units During the first quarter of 2009, operating loss was $230 million, net loss was $200 million and diluted loss per share was $1.79, decreases of $516 million, $407 million and $ 3.57, respectively, each compared to the first quarter of 2008. "Our Board of Directors yesterday voted to suspend our quarterly dividend with respect to our Class A Subordinate Voting Shares and Class B shares." Stock currently halted on NYSE and TSE (last $43 / USD 37)