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.
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