General Motors Reports $39 Billion Loss

November 8, 2007 | Posted by bLavish as Wheels at 12:00 pm | Comments off

gm.jpgRuhRoh.  General Motors has recently revealed a $39 billion loss for the third quarter, which is the largest in the company’s history. 

The ginormous loss was caused by GM taking $38.6 billion non-cash charge which may indicate that there might be a slow turn for the company.

While GM has failed to mention whether it expects to return a profit in the coming months, it doesn’t look like rainbows & butterflies for the automaker.

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