gm....6 billion...loss

Discussion in 'General Discussion' started by manu1959, May 7, 2009.

  1. manu1959
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    manu1959 Left Coast Isolationist

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    so this is going well.....good thing we gave them 15 billion....

    My Way News - GM posts $6 billion loss for first quarter

    DETROIT (AP) - General Motors Corp. says it lost $6 billion in the first quarter and spent $10.2 billion more cash than it took in, as a sales slump cut revenue by $20 billion.

    The nation's biggest domestic automaker lost $9.78 per share, compared with a loss of $3.3 billion, or $5.80 per share, in the year-ago period.

    GM has received $15.4 billion in federal loans and faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection.
     

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