02/27/2009 (3:37 pm)

General Motors reports $30.9 billion annual loss

Filed under: business |

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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