Thursday, February 26, 2009
General Motors Lost $85 Million Every Day
For perspective from Clusterstock :"Running General Motors is like lighting a $1000 bill on fire every passing second"General Motors Lost $85 Million Every Day: "GM's total loss for the fourth quarter of 2008 was $9 billion. It's hard to imagine any number that large, so we decided to break it down...Minute: $58,333 In short, with every passing minute GM loses slightly more money than the
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Financial Distress
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