General Motors suffers record $4.45 billion loss for 1991

Article Abstract:

General Motors posted a $4.45 billion loss for 1991, the largest ever by a US company, compared to a $1.99 billion loss in 1990. GM also named the plants that it would sell or close through 1995, as part of a reorganization plan designed to make the company profitable.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

GM posts record $23.5 billion loss

Article Abstract:

GM on Feb 11, 1993, reported a loss of $23.5 billion for 1992, the largest loss for a US corporation in history. The loss was due primarily to a one-time accounting charge. Other significant 1992 losses reported by US companies included a $7.4 loss by Ford Motor Co.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Daimler posts first loss; sets cuts

Article Abstract:

Daimler-Benz AG reported a $592-million loss for Jan-Jun 1993, the first loss since World War II. The company planned to reduce its work force by 20% during 1992-94.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: