WSJ: GM Lost $4.3 Billion In 2nd Half 2009 - FOXBusiness.com: "Home / Markets
Wednesday, April 07, 2010
WSJ: GM Lost $4.3 Billion In 2nd Half 2009
ETROIT -(Dow Jones)- General Motors Co. said Wednesday that it lost $4.3 billion in the second half of 2009 in the first official accounting of GM's balance sheet since the company emerged from bankruptcy.
The post-bankruptcy GM reported $57.5 billion in revenue for the July 10 through Dec. 31 period. That compared with $46.8 billion for the first half of the year for so-called old GM.
'We are building the foundation that will allow us to return to public ownership,' Chris Liddell, GM vice chairman and chief financial officer, said in a statement. 'Completing fresh-start accounting is an important step in that process.'"
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