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Business > Business News & Issues Why GM is on the verge of bankruptcy

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G.M. is not on the verge of bankruptcy, G.M. is not loosing money.
Actually the losses that they talk about are losses on sales projections.
The way it works is : General Motors projects their sales to be 18 million higher than the previous year, The year end sales figures come in and their sales were only 5 million higher than the previous year. they look at this and report a 13 million dollar loss.
Actually not a loss of income, Just a loss on their projection. Worst part is, people actually believe there is a loss of income.
Could any of the auto companies actually keep building vehi...

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