GM Posts Its Biggest Quarterly Loss- $ 39 Billion

General Motors reported a loss of nearly $39 billion this third-quarter, its largest ever, after it took a huge non cash charge to write down deferred tax credits.

Man, that is a huge amount. Just to put things in perspective, the annual business that Microsoft does is $ 51 Billion. The annual business that Apple does is $ 24 Billion. Now $ 39 billion (or more precisely $ 38.6 billion) is a huge amount to lose.

Hope the GM guys know what they are doing. My wheels are from GM and I hope they keep rolling..

Read the news article here