I copied the following information from page 29 of the June 2006 issue of "Motor Trend" magazine:
"Add another $2 billion to General Motors's 2005 losses. The accounting adjustment comes from higher than expected costs for trying to bail out parts supplier Delphi Corporation and added costs for last November's job cuts. THIS BRINGS THE TOTAL LOSS TO $10.6 BILLION FOR LAST YEAR."
I thank God that I don't own any shares of stock in GM.
On page 26 of the May 2006 issue of "Motor Trend"--the editors stated that GM will be out of money in three years unless they sell more cars.