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Thread: Gm european

  1. #1
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    Default Gm european

    just thought i would let you now having read this months body mag gm wont close any european factories.GM president carl-peter forster said "the company will not close any factories this side of the atlantic unless an asteriod hits the earth.even though GME had a record loss of £700 million before tax during the third quarter,in the u.s GM said it was weeks not months from running out of cash, having ended the third quarter with about £8.5 billion in cash.it needs at least £7 billion to £9 billion to operate and pay bills and it is burning cash at a rate of more than £1.3 billion a month."
    now thatssome scary cash

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    Why would GM close the only part of the whole group that's making money?

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    Quote Originally Posted by _ZS_ View Post
    Why would GM close the only part of the whole group that's making money?
    GM Europe is now making a loss, and probably will do for the next 3 or 4 quarters.

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