GM loss at 15.5 BILLION.....for one quarter!!!

Fishhead · Aug 1, 2008

NEW YORK (CNNMoney.com) -- General Motors reported a huge second-quarter net loss Friday of $15.5 billion after restructuring and other charges.

:shocked::shocked::shocked:

Fishhead · Aug 1, 2008

This just off the wire also..........

UNEMPLOYMENT has hit a four-year high.

How will the stock market handle all this..........on a Friday no less. I will be very surprised if the market finishes in positive territory today, however stock futures are trading higher at this time, one hour before the bell rings.

boombaby · Aug 1, 2008

Yea oil co. set record profits for the quarter.Its going to get worse!

bellyputter · Aug 1, 2008

GM pissed off(15.5) a few more billion this quarter than Exxon-Mobil(11.6) made.

Fishhead · Aug 1, 2008

bellyputter said:
GM pissed off(15.5) a few more billion this quarter than Exxon-Mobil(11.6) made.

:lolBIG:

mr21 · Aug 1, 2008

that's what happens when you build a crap product for decades

You are crazy to buy any car (including honda, toyota, bmw, etc) that was made in the U.S. - all 3 of my cars (Lexus, Acura, Toyota) were made in japan and have been trouble free