GM Posts $2.5b Loss: Jobs, Operating Costs And Assets To Be Slashed

GM Posts $2.5b Loss: Jobs, Operating Costs And Assets To Be Slashed

If you thought Ford’s 3Q losses were bad, think again. General Motors has just announced its own financial performance for 3Q 2008, and the numbers are grim.

GM’s total loss for the third quarter is a whopping USD$2.5 billion; it has also managed to eat through $6.9 billion of its cash reserves during the course of [...]

Ford Announces $129m Loss, Prepares To Slash Workforce By 10 Per Cent

Ford Announces $129m Loss, Prepares To Slash Workforce By 10 Per Cent

As if America’s beleaguered automakers weren’t in enough trouble. Ford has today announced a net loss of USD$129 million for the third quarter of 2008, which equates to a drop of $0.06 a share. A pre-tax operating loss of $2.7 billion for 3Q 2008 has also been announced, which is in stark contrast to [...]

With some cars and SUVs now boasting race-car power, which of the following is closest to your MOST STRONGLY-HELD view:

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