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GM Losses

7577 Views 8 Replies 8 Participants Last post by  jpaxton
Do the record GM losses recently announced worry anyone other than myself. 38.7Bn in a year is quite a lot, it may hurt their ability to research or subsidize part of the cost of the Volt.
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There is still alot of writedowns happening. Looks to be more in the future. GM has upped the offer of buyouts today...and extended it to all of its 74,000 UAW workers.

I guess if you are jobless in Michigan you can apply for one of newly created $14/hour jobs that paid used to pay $28+

Anybodies guess if it is too little too late....but it has to be done regardless.
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