Chevrolet Corvette Stingray C7 Forum - View Single Post - GM reports $4.3 billion loss through last 2 quarters of 2009

*DGthe3* · 04-07-2010, 01:40 PM

Lets see:

There was $1.2 billion paid back from loans: US ($1B), Canadian ($100M), and Ontario ($100M) governments
$1.6B was due to "foreign currency re-measurement loss." I think that means they lost money due to the US dollar going down.
Finally, $2.6B went to a UAW retiree medical plan.

Add all that up and it comes to $5.4B

Yup epic failure of GM

04-07-2010, 01:40 PM	#19
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	Lets see: There was $1.2 billion paid back from loans: US ($1B), Canadian ($100M), and Ontario ($100M) governments $1.6B was due to "foreign currency re-measurement loss." I think that means they lost money due to the US dollar going down. Finally, $2.6B went to a UAW retiree medical plan. Add all that up and it comes to $5.4B Yup epic failure of GM __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum