RSS Feed by Calculated Risk on 8/01/2008 09:14:00 AM
Friday, August 01, 2008
GM: $15.5 Billion Loss
From the WSJ: GM Swings to $15.5 Billion Loss Amid Write-Downs, Sales Slump
General Motors Corp. recorded a stunning $15.5 billion second-quarter net loss, slammed by sinking auto sales, money lost on bad lease deals and costs tied to its North American restructuring.
