Hummer Forums by Elcova - GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

Hummer Forums by Elcova (http://www.elcovaforums.com/forums/index.php)

- General Off Topic (http://www.elcovaforums.com/forums/forumdisplay.php?f=11)

- - GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS (http://www.elcovaforums.com/forums/showthread.php?t=32674)

Hmmm2

02-12-2008 05:06 PM

GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

Not good news ... :crying:

http://money.aol.com/news/articles/_...12070909990001

Desert Dan

02-12-2008 05:19 PM

Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

Don't they need anybody with experience??

RubHer Yellow Ducky

02-12-2008 06:02 PM

Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

if things turn south maybe honda or toyota will buy the HUMMER division..

Big Dad

02-12-2008 08:33 PM

Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

Quote:

Originally Posted by RubHer Yellow Ducky

if things turn south maybe honda or toyota will buy the HUMMER division..

:twak:

wpage

02-12-2008 08:41 PM

Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

The good news is international sales are growing for GM!:dancingbanana:

Hmmm2

02-12-2008 09:14 PM

Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

Quote:

Originally Posted by wpage

The good news is international sales are growing for GM!:dancingbanana:

LOL .. It's ALWAYS good to look for the silver lining. :giggling: I saw that in the article, too.

mdoyle

02-12-2008 10:29 PM

Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

GM didn't actually lose that money; the tax code provides enough fodder for any first year grad to create numerous perfectly legal write-offs in avoidance of actually paying any taxes.

GM chose to do it now, likely because the code is going to change with new leadership, so in the future they wouldn't be able to amortize their losses as long to shield profits.

Carry on adventurer......

Big Dad

02-12-2008 10:53 PM

Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS

Quote:

Originally Posted by mdoyle

first year grad

Ahem...undergrads too!

:beerchug:

All times are GMT +1. The time now is 08:19 AM.