SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (477)5/7/2009 11:21:21 AM
From: tejek  Respond to of 1428
 
Boeing plane orders tumble in April

2 minutes ago

(AP:PITTSBURGH) Boeing Co. says orders for its jetliners fell by more than 70 percent in April as the economic downturn continued to dampen demand from airlines and cargo planes.

The Chicago-based company says it received orders for 17 commercial planes last month. That compares with orders for 58 planes during the same month last year.

Boeing says it delivered 39 planes last month, compared with 40 in April last year, according to figures posted on the company's Web site.

Boeing is facing weaker demand as the global economic crisis and tight credit markets undermine its customers



To: Road Walker who wrote (477)5/7/2009 11:25:20 AM
From: tejek  Respond to of 1428
 
What doesn't make any sense to me is that GM increased sales in China by ~50%, and China is now the world's largest car market, but their numbers still suck. It doesn't seem to make sense although I'm sure there is a decent explanation.

Actual sales in China are still fairly low given its population base......about 10 million per year. The US was at 16 million before things fell apart. In addition, GM's market share is not that great:

"Due to an increase of sales in China of 17%, GM’s Asia market share rose from 6.9% to 8%. making it the only bright spot on the globe."

247wallst.com



To: Road Walker who wrote (477)5/7/2009 11:30:22 AM
From: tejek  Respond to of 1428
 
GM 1Q Loss $6B; Spent $10.2B More Than It Brought In Article

online.wsj.com



To: Road Walker who wrote (477)5/7/2009 1:20:22 PM
From: tejek  Read Replies (1) | Respond to of 1428
 
WTF.....the markets are not supposed to go down when Obama is president.