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GM's losses

Posted at 12:07 PM on May 7, 2009 by Bob Collins (0 Comments)
Filed under: Economy

Things didn't get any better for General Motors in the first quarter of the year, according to results released by the company today.

It posted a $6 billion first-quarter loss and spent $10.2 billion more cash than it took in during the first three months of the year.

How much is the $10.2 billion in cash the company burned in the quarter?

  • It's $472,222 every hour of every day since January 1, 2009.
  • It's $13,298 for every unsold GM car on dealer lots today (767,000).
  • It's $60,000 for every car GM sold last month (170,000)
  • It's $217,021 for every job the company proposed to eliminate (47,000) in the plan rejected by the Obama administration.

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