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See You On Course
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ModernCamaro.com Founder / Former Camaro Disciple
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It is a huge hit, but it's an accounting issue... which I don't really understand.
So it's not a result of how their automotive business is going.

They probably could've spread it out over multiple quarters, but this way it's all done and over with, which is better in the long run.
 

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Supporting Super Moderator
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crap:BangHead:

I agree go ahead and get if over with.
 

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They're on top in sales, but (correct me if I'm wrong) it looks like they did alot of investing in new car lines and thats where the loss comes from. Other words, expenses for the quarter were more than the income.
 

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ModernCamaro.com Founder / Former Camaro Disciple
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11,842 Posts
The $39billion loss is an asset reduction, related to the UAW/GM deal.
I really can't explain it because I don't know jack about accounting issues, but that's what it was.
Totally unrelated to their car business.
 
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