General Motors Revises 2005 Loss By $2 Billion

MSNBC ^ | March 17, 2006 | AP via MSMNBC

[Publius6961]

Cute headline!
Why not the real fact?

General Motors Revises Increases 2005 Loss By $2 Billion

there.
I fixed it.

[SteveMcKing]

Gee, I wonder why.

[SteveMcKing]

More precisely......

[biff]

Amen, ugliest damn car ever built.

[libstripper]

I'm soooo glad I sold my all my GM stock at the end of 2005 to give me a loss to offset gains I would have otherwise had to pay CG tax on. Ah, how the mighty are fallen. Thank the UAW.

[R.W.Ratikal]

When a company misses its loss figure by a margin of 2 billion dollars there is very little hope that it can recover.

[1rudeboy]

Has anyone ever "studied" the Aztec issue? Meaning, has it become a case study? How did it do, sales-wise? Who took the blame?

I understand that in an organization such as GM, blame usually falls on the "weakest," but nonetheless the ass-covering and blood-spilling must've been humorous to observe.

[rightinthemiddle]

The woman who designed the Aztec said the average person doesn't have good taste.

She's definitely average.

[Eric in the Ozarks]

Actually, its the ugliest three cars ever made.

[reagan_fanatic]

Proof positive that doing heavy drugs and drinking while designing automobiles just doesn't work.

[RayChuang88]

In my humble opinion, expect a massive downsizing of GM's North American operations within the next two years. It'll be down to three divisions:

Chevrolet--family cars plus Corvette.

Cadillac--luxury cars (including the Escalade SUV's).

GMC Trucks--light trucks and SUV's.

[anton]

God willing. Every time I rent a car, I end up with an Impala or a LaSabre. The GM cars are almost undriveable.

[petercooper]

exactly. It should have been done years ago- too much overlap. Who's against that, the dealers?

[petercooper]

you need a full view of this beast

[HereInTheHeartland]

Looks like a Chevette.

[Toddsterpatriot]

General Motors Corp. is increasing its previously-reported loss for 2005 by $2 billion as the world’s largest auto maker

Were the GM accountants union workers?

[Max in Utah]

I remember the first time I saw an Aztek-- in the parking lot of a Hollywood video store. That's how bad it was.

I thought, "How can they expect people to drive something this ugly?"

Aztek: the Edsel for the SUV Age.

[John W]

From a follow-up story at mid-day Friday:

On Friday, Moody’s Investors Service warned that it could downgrade the long-term credit ratings of GM, GMAC and ResCap.

“Moody’s believes that negative developments such as the filing delay could slow the progress of the sale process,” the ratings agency said.

Its shares fell 74 cents, or 3.3 percent, to $21.48 in late morning trading Friday on the New York Stock Exchange, where they have traded as low as $18.33 over the past 52 weeks. The latest decline trimmed $400 million from GM’s market capitalization to about $12.2 billion.

[ChadGore]

A good time to buy,