Posted at 12:07 PM on May 7, 2009
by Bob Collins
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.