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Tuesday, April 04, 2006

Are We Sure These Guys Shouldn't File For Bankruptcy?

Courtesy of a local MBA student.

"GM posted a $10.6 billion dollar loss in 2005. To put that into context, GM lost $29 MILLION a DAY, or $1.21 Million an hour, or $20 thousand a minute."

To put that in perspective the $14 billion GM will get for selling a 51% stake in their finance arm, GMAC, will propel them for less than 18 months if things don't turn around. UAW and GM management are you listening?

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