Uh-oh
Published: November 4th, 2008
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General Motors Corp. (NYSE: GM) plans to release its third quarter 2008 financial results on Friday, November 7, 2008 at 10:30 a.m. ET via PR Newswire and GM Media Online ( http://media.gm.com).
In addition, GM Executive Vice President and Chief Financial Officer Ray G. Young will host a conference call at 12:15 p.m. ET. The call will include a review of the company’s third quarter financial results, an updated liquidity analysis and review of its liquidity improvement initiatives, and a question-and-answer session with financial analysts and media. The call is expected to last approximately 90 minutes.
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6.5 bill/operating loss. 20 billion total.
Ah, but the voters want to put these guys out of business unless they CAN sell a full line of cars. See CAFE for more info. Obama should forget about raising taxes on higher earners and go for a gas tax instead. Then we "rich" folks could enjoy our larger vehicles while he rakes in the cash to buy more voters' souls.
Stein-Brand addicts would feel deprived. The Market would miss only the Vette. There is nothing else that would leave a gap. But I guess that's your point. Bunter
8 billion operating loss, 18 billion total. As RF noted a few weeks back, BIG owee imminent.