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GM Post 38.7B Loss - Yikes!! GM Post 38.7B Loss - Yikes!!
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Old 02-12-2008, 09:14 AM
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GM Post 38.7B Loss - Yikes!!
GM Posts Largest-Ever $38.7B Annual Loss, Offers Buyouts to 74,000 Workers


http://www.foxnews.com/story/0,2933,330393,00.html
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Old 02-12-2008, 09:42 AM
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Still made 181B for the year.

Quote:
GM reported $181 billion in revenues for the year, down from $206 billion in 2006. Its automotive business saw record automotive revenues of $178 billion in 2007, up $7 billion from a year ago thanks to growth in emerging markets and favorable exchange rates.
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Old 02-12-2008, 02:46 PM
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lot of that is reconstitution within the balance sheet. Also the buyout is a good thing because they can rehire lower waged labor vs the higher wage labor that is in place.
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Old 02-12-2008, 03:20 PM
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