Quote:
Originally Posted by Tsar
Yea, in short GM is using money from their 52 billion dollar of total "infusion" to pay off their current loan "in full". GM hasn't made a single cent of profit since 2004, and they just posted a loss of almost 5 billion dollars. How can they possibly pay anything off right now? They just need to make few critical steps to qualify for a Bernie Madoff show 
Also FTC is looking into this because of the whole "we paid back in full" fiasco.
GM Could Be in Hot Water With FTC Over Truth in Advertising |
How can GM possibly NOT make money in a market that has toyota bleeding profusely....
