02/27/2009 (3:37 pm)
General Motors reports $30.9 billion annual loss
General Motors Corp on Thursday reported a fourth-quarter adjusted loss per share of $9.65.
Highlights:
* Q4 loss per share $15.71
* Q4 revenue $30.8 billion versus $46.8 billion
* Ends Q4 with $14 billion in cash
* Reuters Estimates Q4 earnings per share view $-7.40, revenue view $30,626.73
million
* Says pension plans underfunded by $12 payday loan with savings account.4 billion
* Sees receiving “going concern” opinion from auditors for 2008
* Says 2008 net loss $30.9 billion
* Says 2008 automotive cash burn $19.2 billion
* Says December-end cash liquidity included $4 billion in loans from U.S.
treasury
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