Monday, October 17, 2005

T minus 120 Days

until GM files for creditor protection? Any takers? A house of cards built on a foundation of quicksand is starting to look good in comparison to the house that Alfred Sloan built.

GM posts huge loss as costs rise

DETROIT (Reuters) - General Motors Corp. (NYSE:GM - news) on Monday posted a massive quarterly loss as high gasoline prices slammed sales of big sport utility vehicles and rising costs for everything from raw materials to health care eroded profits (continued... )


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