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GM Declares Huge 1Q Loss, Beats Wall Street Estimates

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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

 

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1 Comment

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.

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