Tag Archive | "Q1"

GM Q1 revenue drops 47% while company hemorrhages market share/cash

Thursday, May 7, 2009

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GM Q1 revenue drops 47% while company hemorrhages market share/cash

General Motors released 2009 quarter one financial results this morning and despite being better than analysts expected- the downward slide continues. The company is reporting a quarterly loss of $6-billion amid sliding market share and a revenue stream that is only running at a trickle.

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