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GM loses $6 Billion

By SplendidMarbles ⋅ May 7, 2009 ⋅ Post a comment

5.07.09- General Motors lost $6 billion in the first quarter of 2009 as its sales of poorly built automobiles and ridiculously large SUVs collapsed 40 percent, and its revenue – to no ones’ surprise – fell by almost 50 percent. Wow! This just goes to show you how overinflated car sales were during the bubble years.

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