Quote:
Originally Posted by Dragoneye
Were they losing that much $$ before gasoline shot up so quickly? It was an outstanding one-two punch. First gas prices doubled in less than a year, essentially killing all their profitable vehicles while they were in the middle of an expensive restructuring. And then the economy tanks while they're not making as much money as they used to, and they get dragged even further down...
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Yup. They haven't turned a profit since 2004.
link->
http://www.gm.com/corporate/investor...ings/index.jsp
