Wednesday, October 22, 2008

The Damage that has been Done

With GM stock trading at $6 and change, a far cry from its highs in the 80s its time to take a look back over the last few months to see the damage that has been done. In just the last year and a half, the company has lost $57 billion dollars. That's billions folks, Wow! It looks like decades of mismanagement and poor decision making have finally caught up with the automaker. With plants closing left and right and GM possibly merging with Chrysler, some cant help but to think it all could be coming to an end soon.

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