November 16, 2009

GM: $1.2 Billion Loss (VIDEO)

Losing a billion dollars might not sound like good news, but financial experts are hailing the good tidings today from General Motors, with the third quarter earnigns report from GM. $1.2 Billion is their reported loss, which might sound bad but is actually a sharp improvement from their previous financial woes, and is taken as a sign that the car manufacturer is beginning to turn around.

General Motors says the boost came largely from cars such as the Chevrolet Camaro and the Chevrolet Silverado pickup truck, that have done well at new car dealerships around the country. GM says they are ready to start paying off money loaned by the government as their business continues to improve5

GM: $1.2 Billion Loss (VIDEO)

GM said its improved performance was fueled by new products including the Chevrolet Camaro muscle car, and the Chevrolet Equinox and GMC Terrain midsize crossover vehicles. The company's top sellers through October were the Chevrolet Silverado pickup truck and Impala full-size car...

GM: $1.2 Billion Loss (VIDEO)

Posted at November 16, 2009 3:53 PM

i am so suprised i didnt see this coming a million light years away. omg this is so startling who would have thought somthing like this was coming down the turnpike total suprise whew!

Posted by: Anonymous at November 16, 2009 10:00 PM

Post a comment

Remember Me?

(you may use HTML tags for style)