This ain't good........
GM Bleeding Cash, Halts Chrysler Talks
posted: 11 MINUTES AGOcomments: 4
filed under: Earnings
Getty ImagesGeneral Motors posts third-quarter losses of $2.5 billion and warns it could run out of cash in 2009, having burned through $6.9 billion between July and September. The struggling automaker also says talks to acquire Chrysler have been suspended. GM's shares drop sharply on the news. Quote: GM