General Motors posts $15.5-billion quarterly loss

[rck0025]

GM is not the only one suffering; The global economy is down as a whole.

On a side note; I heard that GMAC is going to discontinue lease financing in the near future. As the article above suggests, the residuals on their automobiles are less than what was anticipated - what gets me is how this is a surprise.

Go to any bank for financing, and their residual values for automobiles are always far less than the car company's in-house financier.