GM posts $4.3 billion loss for 2009Submitted by legalizeliberty on Wed, 04/07/2010 - 12:09
CHICAGO (AFP) - General Motors reported a post-bankruptcy 2009 net loss of 4.3 billion dollars Wednesday but said it hoped to achieve profitability in 2010.
The new GM, which emerged from bankruptcy protection on July 10, achieved global revenues of 57.5 billion dollars and ended the year with net cash from operations of one billion dollars.
"As the results for 2009 show, there is still significant work to be done," Chris Liddell, GM vice chairman and chief financial officer, said in a statement.
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