12th
November
2008
GM Losing $2 Billion a Month
posted in Drivers Drive |
General Motors is losing $2 billion a month and is on the brink of bankruptcy says CBS in the clip below. Speaker Pelosi is said to be pushing for an aid package for U.S. auto makers GM, Ford and Chrysler. GM's sales fell 45% in October. If one of the big three fails it is estimated that over 2 million jobs could be lost. There's also an article here about what could happen if GM fails.
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This entry was posted on Wednesday, November 12th, 2008 at 1:00 pm and is filed under Drivers Drive. Original contribution by DriversDrive.com. Responses are currently closed, but you can trackback from your own site.