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

Hmmm2
02-12-2008, 05:06 PM
Not good news ... :crying:

http://money.aol.com/news/articles/_a/gm-posts-record-loss-offers-buyouts/20080212070909990001
Desert Dan
02-12-2008, 05:19 PM
Don't they need anybody with experience??
RubHer Yellow Ducky
02-12-2008, 06:02 PM
if things turn south maybe honda or toyota will buy the HUMMER division..
Big Dad
02-12-2008, 08:33 PM
if things turn south maybe honda or toyota will buy the HUMMER division..

:twak:
wpage
02-12-2008, 08:41 PM
The good news is international sales are growing for GM!:dancingbanana:
Hmmm2
02-12-2008, 09:14 PM
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
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
first year grad

Ahem...undergrads too!

:beerchug: