GM financial woes have begun

45Ricochet wrote:
Not exactly what a new CEO would hope for, along with the sagging truck sales this year. A lot of that expense was for re- tooling and adjusting foreign plants.
Happy stock holders, not. But they basicly shed their books of these losses in one lump. Should be good returns for the next couple of quarters anyway. They're selling like hotcakes in China.
But this entire key problem could have been avoided if a couple of bean counters had taken care of the problem much earlier . A few heads need to roll. How can you change a part and keep the same part number anyway? Dumb way to do business.
So anyway, no gloom and doom for the mighty GM.