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Re: A shocking number, but not a death knell
There's no doubt about it; right now the situation at GM is awful. Short term outlook is very bleak and there's no sugar coating it. GM firmly believies it will hit profitability in either late 2009 or early 2010. So, the company is preparing to have enough cash to carry itself to that date. Next year and 2010 espessially will be defining, make or break years for GM unless they can generate even more cash then what they're planning. Obviously the market believes in the plan; the stock only took a small drop. That really is quite amazing given the size of the loss. Long term GM is set to become very profitable. Cost savings, resurging economy should make 2010 a realistic date. We'll see.
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Last edited by ChevroletRevived : 08-02-2008 at 06:34 PM.
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