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General Motors hasn’t announced their Q3 financial results prior to November in six years, but they intend to announce them on October 31st, 2012 – just prior to the U.S. general election on November 6th.
The timing, reported by MLive.com, is apparently coincidental, with GM spokesman Jim Cain telling the outlet that
“…scheduling is based on committee meetings, executives’ schedules and other internal factors.”
Chrysler and Ford have yet to announce the timing of their Q3 result announcements. Chrysler has traditionally released their numbers at the same time as parent company Fiat. The Italian conglomerate will release their results on October 30th.
16 Comments on “GM Bumps Up Q3 Results Prior To Election Day...”
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TTAC is using TWEETS as sources now? FFS.
A tweet may or may not be TTAC’s source, but GM Investor Relations announced the date a few days ago. They are in fact releasing Q3 earnings on Halloween. Lots of snarky angles available on this one…
And GM mentioned it on the Sales&Production conference call, IIRC.
A rewrite of an MLive story is supposed to be a Great Big Deal? I’ll drink my iced tea and watch the commentators spin up.
Sometimes a cigar is just a cigar …
In order to move the political needle, the only thing GM could report then is their intent to repay the taxpayers’ money.
“Due to explosive demand for the Chevrolet Volt, we plan to hire 8 million new production line workers within the next four days.”
Why not? They can always revise down their hiring estimates after the election. It’s the Obamunist way.
@CJinSD: “Obamunist”, how cute.
one of these days, people will learn what “communism” actually is, and how it does not apply to the United States at all.
@CJ: Obamunist that’s clever!
@Dr Claw: Read up on the Golitsyn thesis sir and realize just how close we are. Personally I believe members of the current administration could have ties to a decades old KGB plot to insert sleepers into the political class, especially since *actual Soviet GRU spies* were caught trying to do just that two years ago, but what do I know?
Love the name btw. Go go gadget car!
As my late mother said when we were kids, those with nothing to bring to the table resort to childish names.
No surprise on GM though. Blue or Red state, political payback is always the same….
The balance sheet says they’re sitting on $34 billion (cash & short term investments). It looks to me like they could ‘share the wealth’ a bit. Just a line on next years 1040.
It seems like the implication would be that GM has some good news to report and the announcement date is politically inspired. Not that, that would be wise to even speculate on.
Come on little troll, come on out, you know you want it!
Ford Motor reported it’s Q3 earnings on October 26 last year.
http://seekingalpha.com/article/302387-ford-motor-s-ceo-discusses-q3-2011-results-earnings-call-transcript
More click-trollbait for the disingenuous and the paranoid.
Ford nearly always reports during the last week of the month after quarter-end. GM normally reports a week or two later, early in the following month. It is indeed atypical for them to move up the date. Whether it means anything noteworthy or not is another question.
Nobody noticed the date is Halloween? Boo!