GM loses big time

[lilelvis2000]

http://www.cbc.ca/money/story/2008/02/12/gm-loss.html

I can't imagine losing $1M let alone $38G. phew!
Just how much longer can still make cars?

[MrRobin]

I can't imagine losing $1M let alone $38G.

38 gazillion dollars?! Holy tulip!

[BoredBloke]

I like the way this loss is down to

"third-quarter charge related to unused tax credits"

and the last one was

"of a change in health-care accounting, according to Standard & Poor's Compustat."

So not cr@p cars then

[tim123]

It is rather extrodrinary isn't it.

So on 10 million cars that's a 3 grand loss on each one which for the cheaper end of the market is about 50% of cost price.

tim

[PAH]

Looks like the yanks have been well and truly tanked by Germany and Asia. Both Ford and Vauxhall seem to be on their last legs.

I wonder which brand will take BMW's slot as they inevitably move into Ford's vacant chavtastic spot. It's unavoidable as BMW seem to be announcing a new model every month which will dilute the brand. e.g. the 1 series coupe, WTF!? It's just an ugly 3 series, and almost costs as much. They've seriously lost it since they brought out the dame edna 5 series.

Will this have any bearing on british workers who still work in Ford and GM factories in the UK? Yet more depressive news for those that can be arsed working to keep their families off the council estates?

[TheFaQQer]

38 gazillion dollars?! Holy tulip!

[Bagpuss]

Looks like the yanks have been well and truly tanked by Germany and Asia. Both Ford and Vauxhall seem to be on their last legs.

I wonder which brand will take BMW's slot as they inevitably move into Ford's vacant chavtastic spot. It's unavoidable as BMW seem to be announcing a new model every month which will dilute the brand. e.g. the 1 series coupe, WTF!? It's just an ugly 3 series, and almost costs as much. They've seriously lost it since they brought out the dame edna 5 series.

Will this have any bearing on british workers who still work in Ford and GM factories in the UK? Yet more depressive news for those that can be arsed working to keep their families off the council estates?

BMW have made more 3 series for europe than ford have mondeos for the last 10 years. Yet people perceive the mondeo to be a common car and the 3 series less so, when the reverse is true. The 3 series BMW is just a Ford Cortina with a good badge, they're not for true petrolheads.

[lilelvis2000]

I wonder which brand will take BMW's slot as they inevitably move into Ford's vacant chavtastic spot. It's unavoidable as BMW seem to be announcing a new model every month which will dilute the brand. e.g. the 1 series coupe, WTF!? It's just an ugly 3 series, and almost costs as much. They've seriously lost it since they brought out the dame edna 5 series.

BMW's are dime a dozen now. I reckon the cachet will be gone in a couple of year. I'd rather buy a Lexus. they are so rare around here they're bound to get noticed.

[oracleslave]

BMW's are dime a dozen now. I reckon the cachet will be gone in a couple of year. I'd rather buy a Lexus. they are so rare around here they're bound to get noticed.

So you need a car to get 'noticed' then? You a minger?

[Cheshire Cat]

I can't imagine losing $1M let alone $38G. phew!

$38 Googol? That's more money than exists in the world. Getting on for the daily rate of some of the "niche" poster on here.