Any news that's better then expected is good news. If a company was supposed to lose $1 / share and they report a $0.50 loss, that's a GREAT loss.
the bad news was, sales were down for april. the good news was april had 2 less sales days and if you assume that on the 2 less sales days gm sold a record amount of vehicles and didnt give any of the incentives offered and the ficticious customers payed 50% more than sticker price (in non US denominated dollars) - GM's sales were only down 2%. hence the rally... don't you guys know anything??/??
Yes, the long rumored merger with Ford is finally coming off. ESL has its fingerprints all over this, it's their MO to a T! You heard it here first, Dr. Lizardo