GM makes $4.3 billion loss July - Dec 2009

Discussion in 'Fred's House of Pancakes' started by GrumpyCabbie, Apr 7, 2010.

  1. GrumpyCabbie

    GrumpyCabbie Senior Member

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    Hmmm, so GM made a $4.3 billion loss for the period July 2009 to December 2009. :eek:


    Call me a cynic but when did the Toyota problems start to hit the press? :mod:


    http://news.bbc.co.uk/1/hi/business/8607883.stm
     
    #1 GrumpyCabbie, Apr 7, 2010
  2. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
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    My #1 question: was this an anticipated loss or was this expected as part of the "turnaround"?

    I'm not a financial guy but I think you know what I mean. Sometimes I hear corporate heads talking about anticipated hits to the budget for restructuring, write-offs, material purchases, etc.
     
    #2 TonyPSchaefer, Apr 7, 2010
  3. malorn

    malorn Senior Member

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    It was for the most part expected. The key will be financial results for the 1st and 2nd quarters of 2010 and calendar year 2010.
     
    #3 malorn, Apr 7, 2010
  4. paprius4030

    paprius4030 My first Prius

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    Funny how this GM news didn't make the headlines LOL. And they say the press is unbiased, yeah right.....
     
    #4 paprius4030, Apr 7, 2010
  5. mojo

    mojo Senior Member

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    I think we should punish Toyota by forcing them to purchase GM.
    Problem solved.
     
    #5 mojo, Apr 7, 2010
  6. GrumpyCabbie

    GrumpyCabbie Senior Member

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    I checked the forums first to make sure I wasn't posting a duplicate thread. It is odd that it made the news here but not in the US, especially as the American people own a 61% share. :eek:
     
    #6 GrumpyCabbie, Apr 8, 2010
  7. qbee42

    qbee42 My other car is a boat

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    It's been in the news here. Not high profile, but in the news. I think most of us are too jaded to bother posting about it. ;)

    Tom
     
    #7 qbee42, Apr 8, 2010
  8. JimN

    JimN Let the games begin!

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    GM losing $1 billion a month isn't news. If GM had reported a profit of--a shilling THAT would have been news.
     
    #8 JimN, Apr 8, 2010
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