November 7, 2008

GM burns $6.9 billion in cash, to cut costs

NewsDaily (2008-11-07) -- General Motors Corp posted a worse-than-expected $4.2 billion operating loss and burned through $6.9 billion in cash in the third quarter as the top U.S. automaker struggled with a deepening sales slump that has forced it to seek a federal bailout.

0 comments:

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Best Buy Printable Coupons