I dont think so. Once the car industry starts falling over, the rest of the economy follows soon after.
Charges help send GM loss to almost $9bn
General Motors fell to its biggest loss since 1992 last year as a collapse in sales of US gas-guzzlers and hefty restructuring charges pushed the world's biggest carmaker $8.6bn into the red.Fritz Henderson, who took over as chief financial officer this month, said 2005 had been "a thoroughly forgettable year" as he reported a fourth-quarter net loss of $4.8bn, $8.45 a share, against a $99m loss a year earlier.
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$6.91 |
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0.070(1.02%) |
Mkt cap ! $4.640B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.96 | $6.81 | $8.507M | 1.231M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6344 | $6.91 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.97 | 5581 | 1 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| DOW (ASX) Chart |