Ryan's District Boards

RD Today => All the News => Business News => Topic started by: riky on February 26, 2009, 04:05:29 PM

Title: GM posts massive loss, auditor may question viability (Reuters)
Post by: riky on February 26, 2009, 04:05:29 PM
GM posts massive loss, auditor may question viability
    (Reuters)

 


<p><img src="http://d.yimg.com/img.news.yahoo.com/util/anysize/130,http%3A%2F%2Fd.yimg.com%2Fa%2Fp%2Fafp%2F20090226%2Fcapt.photo_1235650664536-1-0.jpg?v=2" align="left" height="86" width="130" alt="A General Motors logo, near the Dundalk Marine Terminal at the port of Baltimore February 18. General Motors has posted a whopping 9.6 billion dollar loss in the fourth quarter which pushed its 2008 loss to 30.9 billion dollars, the struggling automaker said.(AFP/Getty Images/File/Chip Somodevilla)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090226/bs_nm/us_gm)Reuters - General Motors Corp posted a nearly $31 billion loss on Thursday for 2008 and said its auditors were likely to cast doubt on its viability as it seeks an expanded federal bailout to stay afloat.</p><br clear="all"/>


http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090226/bs_nm/us_gm