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GM posts $38.7 billion loss Posted on 02-12-2008

phd1974
Lebanon, PA
DETROIT - General Motors lost $722 million in the fourth quarter for fiscal 2007 losses of $38.7 billion. The deficit includes the $39 billion tax charge taken in the third quarter of '07. Excluding that tax charge, GM's... More...
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TSUblueTiger replied on 02-13-2008 05:35AM [Reply]
Wow...I hope they can rebound. GM is a great company with a lot of employees. It would be a tradegy, if they went bankrupt. However, I am confident they will increase their revenue and cut some expenses.
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