Bloodstar

Sometimes I just can’t wrap my mind around the numbers:

General Motors Corp (GM.N) posted a loss on Thursday of nearly $31 billion
for 2008. GM and other automakers around the world are in turmoil as consumer
demand evaporates in the wake of the global debt crisis.

I fired a text over to klossy simply asking how GM could have lost 31bln, and her response was simple and direct: “By making big gas guzzlers when gas was 4 bucks a gallon.” heh

Whatever the causes, the lack of foresight by GM and Chrysler have been staggering, and while it’s not the only reason they’re in this pickle, it’s a pretty big contributing factor.

Tags: Economics, Financial, bloodstar // Comments Off