tag:blogger.com,1999:blog-28115406.post115594578903678629..comments2023-12-30T16:43:44.350-05:00Comments on Sharan Sharma: Detroit - GM HQSharan Sharmahttp://www.blogger.com/profile/09295242114299220736noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-28115406.post-1155953941609441482006-08-18T22:19:00.000-04:002006-08-18T22:19:00.000-04:00Also, have updated the post slightly...added numbe...Also, have updated the post slightly...added number of employees and a para at the endSharan Sharmahttps://www.blogger.com/profile/09295242114299220736noreply@blogger.comtag:blogger.com,1999:blog-28115406.post-1155953471479185622006-08-18T22:11:00.000-04:002006-08-18T22:11:00.000-04:00Yes, sir...but to be honest, it's their first loss...Yes, sir...but to be honest, it's their first loss after 1992.<BR/><BR/>The two big reasons for the loss apparently are:<BR/>1) Rising fuel prices forcing prospective buyers to look at other low-cost options<BR/><BR/>2) The massive health-care bill that GM foots for its employees (i think includes ex-employees as well, but not sure)<BR/><BR/>Another big reason is the Delphi bankcruptcy - GM had to fund pension/other benefits for the 33,000 employees in that unit.Sharan Sharmahttps://www.blogger.com/profile/09295242114299220736noreply@blogger.comtag:blogger.com,1999:blog-28115406.post-1155952054826697902006-08-18T21:47:00.000-04:002006-08-18T21:47:00.000-04:00GM is loss making? Of all the things... next we'll...GM is loss making? Of all the things... next we'll have MS supporting Linux nd Wal-Mart going out of business ... Who's responsible for this?Kshitij Lhttps://www.blogger.com/profile/08795411755013478819noreply@blogger.com