California Autos Examiner

Friday, August 01, 2008

GM Posts Net Loss of $15.5 Billion, Checks Couch For Loose Change

The three horsemen of the apocalypse--GMAC, Delphi, and employee buyouts--contributed to a massive second quarter net loss of, gulp, $15.5 billion. In the above clip my friend John Stoll from the WSJ breaks down GM's woes. To be sure, Q2 2008 was kind to very few and most folks in the industry just want to get these last three months behind them and move forward with their revised product plans.

No comments: