Re: I read the profit was from lowering the warranty reserve for each car -
well, not only from the warranty reduction, but it also seems they're selling more cars than they made - carrying over inventory.
IF you read through the 10K earnings report, with all the losses and declining sales, it looks more like a losing earnings report, rather than a Blockbuster. To me it looks like it's all fudged, dirty. They hired the right accountant, and I'm sure a lot more will come out of it, when people examine it.