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GM Posts $6 Billion Loss, Burns Through $10.2 Billion |
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Written by Big Block
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Thursday, 07 May 2009 06:46 |
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There are no translations available.
General Motors Corp. said bankruptcy jitters and a global sales slump created a "revenue implosion" that led to nearly a $6 billion loss in the first quarter. The auto maker burned through $10.2 billion as revenue plunged 47%, the latest sign GM is running out of options as it races to meet a June 1 restructuring deadline set by the White House. The company is surviving on $15.4 billion in federal loans and has said it needs another $11.6 billion to stay afloat. |
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Last Updated on Thursday, 07 May 2009 06:48 |
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Cadillac Epsilon sedan coming for MY12. |
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Written by Big Block
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Monday, 04 May 2009 08:00 |
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There are no translations available.
Scoop! Cadillac Epsilon Sedan Will Slot Below CTS |
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Last Updated on Monday, 04 May 2009 08:01 |
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GM says GOODBYE to Pontiac |
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Written by Big Block
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Sunday, 03 May 2009 11:18 |
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There are no translations available.
GM has to meet their restructuring deadlines, and sadly to day they have decided to sell their "muscle car" line, Pontiac. I wish I never sold my 78 Parisienne... |
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Last Updated on Sunday, 03 May 2009 11:22 |
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