GM looses a lot of taxpayers money. What a sink hole of wealth being porked out for a dinosaur. Of course consumers are concerned...the sooner GM does chapter 11 to right itself the better off everyone will be except the people consuming the pork spending.
Chief Financial Officer Ray Young said talk of the company going into Chapter 11 bankruptcy protection appeared to have scared some consumers away from buying GM vehicles. GM faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection.
GM's loss for the quarter amounted to $9.78 a share, compared with a loss of $3.3 billion, or $5.80 a share in...