Ford and GM Earnings Preview

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July 23 (Bloomberg) -- Jamie Butters reports on the latest markets news on Bloomberg Television's "Money Moves." (Source: Bloomberg)

The city government of detroit is bankrupt.

The rest of the company is doing pretty well, the company -- the the company is picking up an auto sales are doing really well.

Gm has the most market share in the u.s., even though they got rid of half of their brands during the bankruptcy this -- this bankruptcy restructuring in 2009. ford is selling its full-sized trucks.

They are doing well at the home market while dealing with less than great economic news around the rest of the world.

Let's take those two one by one.

In gm's case, what is the best thing they have going for them?

Correct the best thing for gm is the future.

That is -- the best thing for gm is the future.

That is why goldman put it on its list.

It is not just what you are doing for me they become about what you're going to do next.

-- what you are doing for me lately, but what you're doing next.

They have been so tight on cash they had to pare things down.

And it takes years to develop an engineer a proper car or truck.

Now four years afterward, all of these vehicles are starting to hit the market this year and into next year.

It will go from having one of the most stale windups to one of the freshest.

Earnings -- one of the most stale line out to one of the freshest.

Earnings might look a little low for this quarter, but they are moving on to great things.

Ford has a new truck coming next year.

One year, and then they will

This text has been automatically generated. It may not be 100% accurate.


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