Monday, November 16, 2009

GM loss 1.2 billion

Two cars smashed together in a car accident with rollover photo

There is a new GM that is a much smaller company. Hummer, pontiac, saturn, saab, oldsmobile, are gone. Whereas in 1980 it had 50% of world market, now the number is only 15% of the sales in cars. Despite 1.2 billion loss GM says it will start paying loans it owes. With what money?

0 comments: