GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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From: geode00	11/8/2008 1:55:01 PM
	Read Replies (3) of 173976

GM: Almost out of cash No. 1 automaker posts huge loss - says it has made case to Washington for rescue. NEW YORK (CNNMoney.com) -- General Motors shook an already embattled auto industry Friday as it reported a huge quarterly loss that was much worse than expected and warned it is in danger of running out of cash in the coming months. The nation's largest automaker reported that it lost $4.2 billion, or $7.35 a share, excluding special items. That's up from the loss $1.6 billion or $2.86 a share it reported a year earlier and was far worse than the forecast of analysts surveyed by earnings tracker Thomson Reuters, which had forecast a loss of $3.70 a share.... money.cnn.com ============ Fun with Bush/Cheney/Rice and their oil buddies. The price goes through the roof, the car makers and airline companies and families transfer tons of money to the oil companies, the price crashes. Curious. What did happen to the electric car anyway.

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