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02-12-2008, 05:06 PM
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Hummer Guru
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Join Date: Jun 2006
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GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
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02-12-2008, 05:19 PM
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Hummer Expert
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Join Date: May 2005
Location: Southern California
Posts: 829
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
Don't they need anybody with experience??
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02-12-2008, 06:02 PM
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Hummer Guru
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Join Date: Dec 2005
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
if things turn south maybe honda or toyota will buy the HUMMER division..
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02-12-2008, 08:33 PM
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Hummer Guru
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Join Date: Sep 2007
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
Quote:
Originally Posted by RubHer Yellow Ducky
if things turn south maybe honda or toyota will buy the HUMMER division..
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02-12-2008, 08:41 PM
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Hummer Guru
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
The good news is international sales are growing for GM!
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02-12-2008, 09:14 PM
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Hummer Guru
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Join Date: Jun 2006
Location: Out West
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
Quote:
Originally Posted by wpage
The good news is international sales are growing for GM!
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LOL .. It's ALWAYS good to look for the silver lining. I saw that in the article, too.
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02-12-2008, 10:29 PM
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Hummer Professional
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Join Date: Jun 2006
Posts: 373
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
GM didn't actually lose that money; the tax code provides enough fodder for any first year grad to create numerous perfectly legal write-offs in avoidance of actually paying any taxes.
GM chose to do it now, likely because the code is going to change with new leadership, so in the future they wouldn't be able to amortize their losses as long to shield profits.
Carry on adventurer......
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02-12-2008, 10:53 PM
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Hummer Guru
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Join Date: Sep 2007
Location: In my prime....
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Re: GM POSTS LARGEST-EVER $38.7B LOSS, OFFERS BUYOUTS TO 74,000 HOURLY WORKERS
Quote:
Originally Posted by mdoyle
first year grad
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Ahem...undergrads too!
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