TimeTo Cut Our Losses? GM's Cash Burn Rate Increases To An Alarming $113 MILLION A Day!

That equates to:

$113,000,000.00 Day
$4,708,333.33 Hour
$78,472.22 Minute
$1,307.87 Second

And it's a big deal the BMW loses 73 million in a quarter.

GM's the new national whore

If GM is the new national Hoar...than it must have HERPIES.

I wish the government would let all of these toxic companies go out of business. What would be left when the dust settles is a new financial/business model in which companies must adhere to stricter and more stringent business practices without having the government tell them to do so...

Kick GM to the curb

Shameless waste of billions of taxpayer dollars...one more reason I will never buy a GM product!!

HA! product or no product, your money is still going to GM.

Enough is enough- float or sink, "Government Motors". By the way, of course you disagree 1UAW- you guys are the only ones who stand to benefit here- the taxpayers handed you control and partial ownership of GM, not that you didn't "control" things before.... UNIONS MUST GO THE WAY OF THE DODO. It's gone too far & gotten too far out of hand.

The goverment should just buy everyone a GM car it would be cheaper

Exactly! Something is wrong with this picture. If we are sinking our Tax Money into this car company, don't we ALL get a car or at least "formal" equity ownership? Where do they think this D**M money is coming from? ITs a loan from the US taxpayers. We are all paying out of our pocket to prop up GM. That G.D D..M covette belongs to me!!!!

Turn out the lights, the party's over. Next stop, Chapter 11.

Why are we still sinking our money into this abyss? If we keep giving money to GM, it will be harder to let them go to into bankruptcy. Are we worried that the unemployment a GM bankruptcy will cause in numbers? If that is the case, the 25 billions or so dollars given to GM so far would have paid for all of those people's unemployment for years. Enough is enough. I don't want anymore of my money going into their pockets. Don't kid yourselves. It's not a loan that the government have been giving them. The government will never see a dime of it back.

Right on!!! Let's all go buy a Toyota. they lost 4.4 billion, let's help them out. Let's keep Japan afloat!!! Effin idiots. Prime examples of america's inept school system.

Makes you seriously think with this kind of mismanaged spending that another GM Brand may go. Pontiac is dead, who is next?

GM is a vital industrial component of American Industry. Like aerospace, like chip manufacturing , like machine tooling. to loose it means expertise in future technologie swill be lost . Urm the same people crying for GM's death will be left with second class Japanese / german / Chinese cars as the primacy of the NA market will decline.
GM is the engine of the auto motive industry in NA. take it away and you can call it the death of motoring in NA . Why / Govt expenditure , taxing policy has always stayed that way to support local industry with no local industry in car manufacturing, it will shift towards public transportation.

GM is in trouble and the govt by being an extension of the people must find a way for it to survive in NA.
As for the people clammoring about their tax dollars. lets put it into context. Saving GM has cost the US less the saving Goldman Sachs (35 billion + 12 billion via AIG) forget about the other banks ( Citi, Wells Fargo, BOA) , AIG or even Freddie Mac and Fannie Mae.
Hell, more money is spent every single year (combined)
1) to save Pakistan from commiting hara kiri,
2) Egypt so that it can play nice with Israel
3) Israel so it can what it does

Note that i didnt even include Iraq here ...