GM reports billions of lost dollars
Posted in Main Blog (All Posts) on November 10th, 2008 5:33 am by HL
GM reports billions of lost dollars
t was worse than Wall Street expected. (GM) lost a colossal $4.2 billion. But more dire is the company’s cash burn of $6.9 billion, which has GM delaying some new models, cutting deeper into costs and?most important?putting a possible acquisition of rival Chrysler on the back burner…