GM Posts $6 Billion Quarterly Loss

DETROIT (Reuters) - General Motors Corp (NYSE:GM) said it burned through $10.2 billion in the first quarter, operating under a federal bailout, as auto sales fell across the globe and it scrambled to cut costs.

The automaker on Thursday posted a quarterly net loss of $6 billion, compared with a loss of $3.3 billion a year earlier.

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Type707 - 5/8/2009 1:14:53 AM

+1 Boost

Threesomes? Dont forget to audit the whips, chains and leathermasks.

veyron1001 - 5/7/2009 11:08:24 AM

+2 Boost

let GM die. It loses more money than what it makes plus bailouts.

toolatetorace - 5/8/2009 1:06:38 PM

+1 Boost

How can they loose that much when they do not even have it

Reason - 5/9/2009 12:27:12 AM

+1 Boost

Turn the channel already!