GM loses another $6 billion

diddiyo · 05-07-2009, 09:33 AM

http://money.cnn.com/2009/05/07/news...ion=2009050707

Quote:

GM burned through $10.2 billion in cash in the quarter, leaving it with only $11.6 billion in cash on hand at the end of the period. The company says it needs between $11 billion and $14 billion on hand to continue normal operations.

loses "another" $6 billion and needs twice the amount to continue operations... it's like we're talking about cheeseburger-money.

fdjizm · 05-07-2009, 09:40 AM

oh boy

John Farnen · 05-07-2009, 10:11 AM

Get our cars here, collect some $s.Collect on the first 2500 and get 75Mil, will help some, get the first 5000 in our hands and bring in 1.5 Bil. not profit but income to get more parts to build more etc etc!

fdjizm · 05-07-2009, 10:37 AM

everyone is taking a hit, some not that large, but on borrowed money it's a bit worse..

http://www.businessweek.com/bwdaily/...424_233810.htm

"Ford: Smaller-Than-Expected Loss Boosts the Stock.
Wall Street cheered as Ford posted a $1.4 billion first-quarter loss and said it has enough cash to get through the year without U.S. loans "

*DGthe3* · 05-10-2009, 01:38 PM

Could be worse, Toyota lost 7.7 billion while their sales weren't down as much as GM's were.

franknbeans · 05-10-2009, 03:26 PM

wow.. . . even ONE billion is a shit load of money. .

Chevyrocker · 05-10-2009, 03:40 PM

Yea, Toyota lost almost as much as GM and Ford Combined give or take a couple hundred million...

05-10-2009, 01:38 PM	#5
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	Could be worse, Toyota lost 7.7 billion while their sales weren't down as much as GM's were. __________________ 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

05-10-2009, 03:26 PM	#6
franknbeans Whipped Drives: 2010 CAMARO Join Date: Sep 2008 Location: Pittsburgh-ish - PA Posts: 4,216 View My Garage	wow.. . . even ONE billion is a shit load of money. . __________________ Car of the week 7/7/14

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05-07-2009, 09:40 AM	#2
fdjizm Account Suspended Drives: 2008 Mustang GT/CS Join Date: Mar 2009 Location: New Jersey Posts: 1,429 View My Garage	oh boy

05-07-2009, 10:11 AM	#3
John Farnen Drives: 1969 RSSS Convertable Join Date: Mar 2009 Location: Belpre, Ohio Posts: 228	Get our cars here, collect some $s.Collect on the first 2500 and get 75Mil, will help some, get the first 5000 in our hands and bring in 1.5 Bil. not profit but income to get more parts to build more etc etc!

05-07-2009, 10:37 AM	#4
fdjizm Account Suspended Drives: 2008 Mustang GT/CS Join Date: Mar 2009 Location: New Jersey Posts: 1,429 View My Garage	everyone is taking a hit, some not that large, but on borrowed money it's a bit worse.. http://www.businessweek.com/bwdaily/...424_233810.htm "Ford: Smaller-Than-Expected Loss Boosts the Stock. Wall Street cheered as Ford posted a $1.4 billion first-quarter loss and said it has enough cash to get through the year without U.S. loans "

05-10-2009, 03:40 PM	#7
Chevyrocker Weekend Rockstar Drives: Depends on the day... Join Date: Mar 2008 Location: West Palm Beach Posts: 1,442	Yea, Toyota lost almost as much as GM and Ford Combined give or take a couple hundred million...