As it nears 100, GM faces a rough road ahead

October 9th, 2008 PartsHub.net Posted in Automotive News | No Comments »

GM has lost $57.5 billion in the past 18 months, including $15.5 billion in the second quarter. It's burning more than $1 billion a month in cash, has more than $32 billion in long-term debt, and a slumping U.S. market has forced it to close factories and shed workers.In his 43 years as a General Motors Corp. factory worker, Roger Ezell has seen recessions, gasoline price spikes, sales slumps and multibillion dollar losses.





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