GM falls from No. 1 on Fortune 500

[NFS4]

Exxon-Mobil and Wal-Mart (hahahaha) knocked GM back a few spot on the Fortune 500 list:

http://auto.com/industry/fort2_20010402.htm

 

[Valhalla1]

revenues go down when you purchase other companies and expand, investing your revenue into the future of the corporation.

 

[NFS4]

<< revenues go down when you purchase other companies and expand, investing your revenue into the future of the corporation. >>


That sounds like what Wal-Mart has been doing all along.

 

[Valhalla1]

perhaps so.. I don't know what other companies wall mart has purchased, but GM has eaten up Hummer, SAAB, etc. in recent years

 

[Midnight Rambler]

Only problem is, that fails to include the market value that GM-H shares (former Hughes) add. Bear in mind, an offer in the double digit $Billions for GM-H has already been turned down as far too low.

Exxon got to the top by way of all the oil (and associated) price hikes. Indeed, they recently set an all-time record for earnings by a US corporation in a quarter (3mos). And at all our cost no less ...


<< perhaps so.. I don't know what other companies wall mart has purchased, but GM has eaten up Hummer, SAAB, etc. in recent years >>

And we're about to add our 13th marquee to the fold ... DAEWOO. Seems no other car companies can raise the cash needed.

 

[KMurphy]

HAHA - I start for ExxonMobil June 1

*edit*
The meger between Exxon and Mobil was more beneficial than rising oil prices for the top spot.
I will be part of their power generation venture; so don't hate me

 

[cipher00]

So, things change. Look at the market leaders from 100 years ago, or even 20. I like it when things change. More neat stuff to get used to.

 

[xyyz]

<< revenues go down when you purchase other companies and expand, investing your revenue into the future of the corporation. >>



not always... it's always helped Cisco become stronger.

 

[ElFenix]

why would revenues go down? revenues is sales. if you buy more companies, you should be selling more products, revenues should go up. profits may go down.



<< Seems no other car companies can raise the cash needed. >>


i'd say no other car company sees it as a good investment. this is daewoo we're talking about. there is a reason why they are bankrupt.

 

[NFS4]

<< i'd say no other car company sees it as a good investment. this is daewoo we're talking about. there is a reason why they are bankrupt. >>


True dat, who the hell wants a Daewoo?? Definetly not me. GM needs to drop Saturn too.

 

[Adul]

Whats wrong with saturn?

 

[NFS4]

#1, their sales have been on the decline since the beginning.
#2, they only had a one car lineup until recently with the launch of the LS mid-size cars. And sales of those are dropping as well. Camry/Accord/Taurus are destroying them.
#3, their SUV may be their only saving grace.
#4, it's is believed that Saturn is losing money.
#5, good customer service can only go but so far

 

[Triumph]

good. they're a crappy company that makes crappy cars. They don't deserve to be on top of the economic ladder like that.