Thursday, February 26th, 2009
General Motors lost a few bucks in 2008. Okay, that's a bit of an understatement. For the fiscal year ending December 2008 the Detroit auto manufacturer lost $30.9 billion. Not only is losing money the main business of GM these days, it's an expensive one. ...
Posted in Business | No Comments »
Tuesday, July 15th, 2008
General Motors (NYSE:GM) recently announced more plans to try and regroup the troubled auto manufacturer's bottom line.
GM's announcement included plans to suspend their quarterly dividend payouts, layoff 20% of their salaried staff and to sell off up to $7 billion dollars worth of assets. GM also said that ...
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Monday, June 30th, 2008
GM stock hits a 30 year low, driving the company's total market cap to around $6.5 billion. Toyota's (NYSE:TM) market cap is now 25 times as much GM's market cap, indicating people just aren't seeing a great future for GM. GM still produces more cars than everyone else, ...
Posted in Market News | Comments Off
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