GM loses $1.2 Billion in Q3 2009

Another quarter gone by, another billion down the drain. Actually, GM lost $1.2 billion in the third quarter, to be exact. It’s a good thing the US government bailed them out, or they’d be losing mon…. wait a minute, nevermind.

On a good note, GM’s cash reserves are reportedly up $3.3 billion over last quarter. So even though they’re losing money, they’re gaining it. Or something. Accounting is so strange.

Published on November 16, 2009 in GM

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