That's how bad it is these days for General Motors. The company declared a $6B loss in the first quarter this morning, yet Wall Street was actually expecting an even scarier number. Yes, scarier than losing $6B in three months.
AutoObserver: GM Loses $6 Billion in First Quarter
redgeminipa says:
05:35 AM, 05/ 8/09
Everyone wants to complain about bailing out the American auto industry. Nobody seems to remember the Feds offering upto $25 BILLION to ALL auto manufacturers who SELL in the USA when the new fuel mileage law was signed. That's $25 BILLION in GRANTS to EVERY auto manufacturer that SELLS in the USA. GM, Ford, Chrysler, Kia/Hyundai, Honda, Toyota, etc.