Thursday, February 26, 2009

GM Loses $105 Million per Day

The earnings report for General Motors (GM) came out, and it turns out that for their fourth quarter, they lost $105 million per day, or $9.6 billion for the quarter. Their loss for the year was $30.9 billion. Isn't that about the amount that they are asking for in total as part of their bailout?

BTW, if you missed the article on General Motors Asking for $51 per Share, you should check it out.

Author does not own any of the above.

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