GM posts largest automaker loss EVER $38.7 BILLION

[Dave Wood]

http://rawstory.com/news/2008/GM_Posts_Record_US_Automotive_Loss_0212.html

oh shit:eek:

[me3]

Dave, you've been here forever. What does this have to do with the Ron Paul grassroots? From where I sit, looks a lot like general news.

[mexicanpizza]

That's what happens when you make horrible designs filled with terrible engines. <shrugs>

[Henry]

Dave, you've been here forever. What does this have to do with the Ron Paul grassroots? From where I sit, looks a lot like general news.

GM +Monoline + Citibank + Cable Cutting= RP economic message!!:eek:

[kigol]

That's what happens when you make horrible designs filled with terrible engines. <shrugs>

lol, amung other poor choices

[youngbuck]

Dang, that is no joke.

[Conservative Christian]

That's what happens when you make horrible designs filled with terrible engines. <shrugs>

Nice lie, but no cigar. :D

The loss had nothing to do with poor sales. In fact, according to the Associated Press, GM "enjoyed near-record sales in 2007, outpacing rival Toyota Motor Corp."

GM sold 3000 more vehicles than Toyota in 2007, to retain their title as the world's largest automaker.

Here's the real reason for the massive loss, according to the Associated Press:

"The huge annual loss was mostly due to a $39 billion third-quarter charge for unused tax credits."

http://www.iht.com/articles/ap/2008/02/12/america/General-Motors-Optional.php

[Fields]

That's a lot of greenbacks.