GM's updated '05 losses...

[traumadog]

Hmm... new accounting puts GM's '05 losses at $10.6 Billion!
Last I heard, GM's cash-on-hand reserves were $20 Billion, following the sale of Subaru to Toyota.

http://money.cnn.com/2006/03/16/news/companies/gm_revision.reut/index.htm

[homertime]

wow... loss of $10 billion... and it still seems like gm's selling like hotcakes


maybe due to losses from incentives?

[mjd932]

Simple answer= UAW