{"id":519252,"date":"2010-04-07T13:36:17","date_gmt":"2010-04-07T17:36:17","guid":{"rendered":"http:\/\/www.egmcartech.com\/?p=54435"},"modified":"2010-04-07T13:36:17","modified_gmt":"2010-04-07T17:36:17","slug":"gm-lost-4-3-billion-in-the-6-months-after-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/519252","title":{"rendered":"GM lost $4.3 billion in the 6 months after bankruptcy protection"},"content":{"rendered":"

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During a conference call earlier today, General Motors’ CFO, Christopher P. Liddell, said that the company lost $4.3 billion in the 6 months after coming out of from bankruptcy protection. Liddell said that the company had a positive cash flow of $1 billion during the period.<\/p>\n

Liddell said he expects GM to hit profit in 2010 and that it made progress towards that goal in the first quarter.<\/p>\n

\u201cWe don\u2019t need to make that much improvement to get to profitability,\u201d Liddell said \u201cIt\u2019s getting close to break-even if you get rid of those one-off items that happened in the fourth quarter.\u201d<\/p>\n

<\/span><\/p>\n

The report, which covers the period from July 10 to Dec. 31, listed $36.2 billion in cash reserves and marketable securities.<\/p>\n

GM reiterated its commitment to pay off its debt to the United States and Canadian governments by June. So far, GM has made payments totaling $2.8 billion towards an initial balance of $8.3 billion. Most of GM’s original loan of $50 billion was converted to a 61 percent equity stake held by the U.S. Treasury.<\/p>\n

– By: Stephen Calogera<\/em><\/p>\n

Source: NYTimes<\/a><\/p>\n

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During a conference call earlier today, General Motors’ CFO, Christopher P. Liddell, said that the company lost $4.3 billion in the 6 months after coming out of from bankruptcy protection. Liddell said that the company had a positive cash flow of $1 billion during the period. Liddell said he expects GM to hit profit in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-519252","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=519252"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/519252\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=519252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=519252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=519252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}