GM Posts $2.5b Loss: Jobs, Operating Costs And Assets To Be Slashed
Saturday, September 26th, 2009Last night I used Yahoo! to find more info on ‘Chevrolet Equinox’.. And this is one of the many results I found:
If you thought Fords 3Q losses were bad, think again. General Motors has just announced its own financial performance for 3Q 2008, and the numbers are grim. GMs total loss for the third quarter is a whopping USD$2.5 billion; it has also managed to eat through $6.9 billion of its cash reserves during the course of those three months. At this rate, the remaining USD$16.2 billion that GMs got hidden under the mattress wont be enough to see the American automaker to the middle of next year.
I decided to blog this result under ‘Chevrolet’. Let me know what you think of this…