Saturday, August 02, 2008

 

Exxon-- $11 billion 2d quarter profit; GM-- $15 billion 2d quarter loss


Crikeys. I'm trying to lay off General Motors while it dies of self-inflicted wounds, but I couldn't help but notice the $15 billion 2d-quarter loss. Wow. They lost about $2 billion (which is about a third of their market capitalization) just on SUV leases. Exxon's profit got all the headlines, but I think GM's results are more historically significant.

# posted by Mark Osler @ 9:59 AM
Comments:
General Motors dies
While our Bush applauds Exxon's obscene profits. Sick.
# posted by Anonymous Anonymous : 11:13 AM
 
GM does seem to get that one day there might not be enough oil. It builds SUVs that get 12 mpg and cost $50k. Who the heck is buying these things???

I don't get it.
# posted by Blogger tydwbleach : 9:36 PM
 
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