Quote:
Originally Posted by Tsar
I didn't know GM lost another 4.3 billion!  |
http://ca.news.yahoo.com/s/afp/10040...ny_gm_earnings
Quote:
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The 4.3-billion-dollar loss for the period of July 10 through December 2009 was primarily due to one-off charges recorded in the fourth quarter: a 2.6-billion-dollar settlement loss related to the United Auto Workers union retiree medical plan and a 1.3-billion-dollar loss related to foreign exchange rates.
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Not to mention the money they are spending to wind down production / sales / (marketing?) of 4 brands.
- Justin