I made up the made up bolded centered News Release below. Why did I make it up? You will have to and read this Blog Posting to find out. Trust me, it will make perfect sense...Or will it?
Amalgamated Widgets, Inc. has announced that it’s near and long term profit outlooks are bright. This positive forecast is directly related to actions taken by its management that have resulted in increased sales in all areas in which the company distributes and sells its New and Improved Widgets.
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That was then and this is now. This is how we Increase Profits and Sales Momentum in the Good Ole USofA today...
(I just took a moment out of creating this Blog Posting to look up the word “momentum” in order to help me understand what’s going on but it did not help.)
General Motors management has said its earnings are picking up speed, with added momentum (there’s that word again) due to come this year from Plant Closures and Job Cuts.
GM said further that its largest restructuring since its 2009 bankruptcy will have a Speedy Impact on its Bottom Line. The cuts to its North American operations should Boost Operating Profit in 2019 by nearly 20%, or by over $2 billion, with More Benefit Expected in 2020.
GM’s shares rose 7% to $37.17 after the above announcement.
GM management is currently focused on Cutting Costs and Improving Cash Flow to Sustain Strong Results (I started to look up “Strong Results” but decided against it because it might confuse me even more.) in the event the U.S. auto market cools, while still funneling money toward future bets on electric and self-driving vehicles.
GM’s restructuring includes Idling Five Factories in the U.S. and Canada this year, part of a plan that could Cut 14,000 Employees in route to slashing $6 billion in Annual Cash Costs by 2020.
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Man, am I Silly! As I was rising to the height of my Mediocre Automotive Career I thought we were supposed Concentrate on Building Quality Vehicles, Increasing Customer Loyalty by Treating Our Customers Right Before and After the Sale and Building a Strong Dealer Body that would work hand in hand with us to Develop a Customer Base that would Return Again and Again to their Dealerships for Repeat Vehicle Sales and its Companion Service and Parts Income.
Now I find I was all wrong. If we had been concentrating on Closing Plants and Cutting Workers there is no telling how much money we could have made!
Would I kid u?
Smartfella
