March 19th, 2006
GM Makes Their Big Bath a Little Sudsier
We knew GM was having some issues in the cash flow department, but it seems even they weren’t sure how much they would be, as they are now announcing their 2005 loss is $2 billion worse than they initially thought. It may just be us, but when times are really bad (they had already said they were losing $8.6 billion- with a B and a pinky finger pointing at the lip) isn’t management supposed to take a big bath and clean the slate for next year? Or maybe they thought they were taking a big bath, but it was getting cool so they put in some more hot water? We give up.
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