Saturday, August 2, 2008

GM posted $15.5 Billion net loss in Q2 2008



Yes, everyone got all shocked with Ford's $8.7 billion losses in the first 2 quarters of 2008. GM was in a completely different league - $15.5 billion loss in Q2 2008.

Thou it's a perfectly fair business world where whoever does the 'right' thing would get the correct response they longed for but we couldn't help feeling a bit worried for this behemoth, and of course Ford, and Chrysler.

Hopefully they could still make the turn around in time and continue what they do best (40 years ago) with extravagant, innovative, outrageous cars.