You have to wonder what's going through the minds of executives at General Motors.
After posting far better than expected earnings in the second quarter, and having the company in its best position in years investors are shrugging their shoulders and saying, "so what?"
Today, GM beat the street earning $1.54 a share vs. $120 estimate. Revenue was better than consensus $39.4 billion vs. the street estimate of $36.73 billion. And for the first time in a long time GM is profitable in all regions of the world. It is not only the best quarter GM has posted since coming out of bankruptcy, but also for the company overall in years.
To quote GM CFO Dan Ammann, "We had a significant increase in global market share. We have been able to get significant improvements in price, much lower incentives and that price/ incentive and share combination is really what has driven the result this quarter."