General Motors is banking on the future. Right now GM is reporting that it will lose $850 million in the first quarter. Personally that is the biggest first quarter loss that I have ever heard of. The reason they are losing is because of Japanese auto-makers and their R&D. The R&D cost are so high because of the hydrogen-powered cars that GM hopes will be demanded in the near future. I would like a hydrogen-powered car becuase I am sick of paying high gas prices. The demand of these cars will go up in the future, but is GM banking on that to soon?
Posted by salty at 4/11/2005 10:39:00 AM