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| The Pub For General Automotive Related Talk |
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08-11-2007, 10:43 AM
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Performance moderator
 
Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
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Sheesh $39B Loss.....
the world's largest automaker, reported a record $39 billion quarterly loss after three money-losing years forced the company to write down the value of future tax benefits. The loss, excluding the tax writedown, was $2.80 a share, more than 12 times analysts' estimates. Mortgage-related losses at GM's partly owned finance unit overwhelmed auto sales that were the highest ever. GM shares fell the most in 13 months, giving the Detroit-based automaker a market value of $19.2 billion, about half the size of the third-quarter loss. http://www.bloomberg.com/apps/news?p...bao&refer=home
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Real cars are not driven by front wheels,real cars lift them!!... BABYS ARE BOTTLE FED, REAL MEN GET BLOWN. Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! Dart 330ci block turbo black pearl EBXR8 482 rwkw.. Daily driver GTE FG.. Projects http://www.fordforums.com.au/showthread.php?t=107711 http://www.fordforums.com.au/showthr...8+turbo&page=4 |
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GM Loses Record $4.5 Billion; Announces 12 Plant Closings
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