$General Motors (GM.US)$ doesn't GM have 100 bil of debt tie...
$General Motors(GM.US$ doesn't GM have 100 bil of debt tied to ICE engines? will their EV be so profitable it will pay that debt while selling less ICE vehicles and figuring out EV? forgot about the billions of more debt they are taking out for EV. seems like a good buy
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Primaveraaa : No to your question. That debt is GMF's debt and GM's exposure is limited to its equity in GMF. Automotive debt is much, much less than 100B. Per management, most of the funding for new initiatives is to come from internally generated funds rather than borrowings.
Now that you have been straightened out, your appraisal can switch from sarcasm to sincerity...
21th Wall Primaveraaa: So GM and GMF are separate companies? They report separately? You lost me at "per management" as GM management has been doing terrible since the 60's. Which, I could be wrong, is when the sold the most vehicles ever. And can't forget a history of bankruptcy. I might need to be more "straightened out".
Lenny Waite 21th Wall: No you were lost well before "per management."
I recommend digging that old propeller hat out of the closet and donning it when you go out.
Homer Fendrick Lenny Waite: Clever. Funny how you didn't recommend that I check my statements(my misunderstandings). or negate any. Keep buying GM and ill keep buying TSLA. Im sure Im already far ahead of your gains, but its a long term race. Brave betting on a continuous loser. Good luck.
Geminiasianboi Homer Fendrick: No point in engaging with an author whose posts are so blatantly hostile. Consider anger management... you can fund it with your apparently bountiful Tesla profits.