The auto giant General Motors has posted another major quarterly loss amidst warnings it’s nearing insolvency. On Thursday, GM said it lost $9.6 billion in the fourth quarter, bringing its 2008 loss to $30.9 billion. The announcement came as GM chair Rick Wagoner met with White House officials to seek further government aid.
GM Posts $9.6B 4th Quarter Loss
HeadlineFeb 27, 2009