Wagoner May Say GM Lost $2 Billion on Leases for SUVs (Update1) (Bloomberg.com)
Story date: 2008-07-31 09:50:54
Added on: 2008-07-31 10:29:47
July 31 (Bloomberg) -- Collapsing values of leased sport- utility vehicles may force General Motors Corp. Chief Executive Officer Rick Wagoner to announce $2.3 billion in losses tomorrow on top of more than $1.4 billion that analysts have forecast.
Read more...
Related Stories:
-
U.S. Foreclosures to Cut Home Values by $223 Billion (Update2)
Bloomberg - Nov. 13 (Bloomberg) -- Subprime mortgage foreclosures will cut U.S. home values by $223 billion in surrounding areas, the Center...
2007-11-13 12:58:00 -
CIT Rises on $1.8 Billion Sale of Mortgage Units (Update3) - Bloomberg
July 1 (Bloomberg) -- CIT Group Inc. gained the most in three months in New York trading after abandoning the collapsing mortgage...
2008-07-01 01:28:00 -
Collapsing values hit home (The New Zealand Herald)
The housing crash is plunging more homeowners into negative equity, with their mortgage debt exceeding the value of their property....
2008-08-09 02:45:42 -
Mortgage Market Losses May Be $400 Billion, Bank Says (Update2) (Bloomberg.com)
Nov. 12 (Bloomberg) -- Losses stemming from falling values of subprime mortgage assets may reach $300 billion to $400 billion worldwide, Deutsche...
2007-11-12 02:25:07 -
Foreclosures to Cut Home Values by $223 Billion (Correct)
Bloomberg - ... see the largest declines in home values, the report said. ``There's widespread consensus that we haven't seen the...
2007-11-13 12:23:00 -
The buy-to-let timebomb
This is Money - She said that higher interest rates, provoked in part by the sub-prime mortgage crisis in the U.S., combined...
2007-10-29 06:02:00 -
Consumer Confidence in the U.S. Probably Declined in November
Bloomberg - Subprime mortgage foreclosures will cut home values by $223 billion, the Center for Responsible Lending said in a report this...
2007-11-27 04:28:00 -
Wachovia Net Falls 98% on Mortgage-Linked Writedowns (Update1)
Bloomberg - ... said profit fell 98 percent to its lowest since 2001 after writedowns for bad loans and mortgage ......
2008-01-22 05:02:00