{"id":9072,"date":"2008-11-07T00:00:00","date_gmt":"2008-11-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"gm-ford-investors-brace-for-deep-losses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/gm-ford-investors-brace-for-deep-losses.html","title":{"rendered":"GM, Ford investors brace for deep losses"},"content":{"rendered":"<p><span class=\"yshortcuts\">Reuters &#8211; General Motors Corp<\/span> (<span class=\"yshortcuts\">GM<\/span>.N) and <span class=\"yshortcuts\">Ford Motor Co<\/span> (<span class=\"yshortcuts\">F<\/span>.N) posted more than $27 billion of net losses in the first half of 2008 &#8212; and that was before a deepening <span class=\"yshortcuts\">economic slowdown<\/span> pushed industry sales beyond 15-year lows.                         <\/p>\n<p> What either automaker will report for an encore in the third quarter could be overwhelmed by the potential merger of <span class=\"yshortcuts\">Chrysler LLC<\/span> into GM or various other scenarios of some or all of the <span class=\"yshortcuts\">Auburn Hills, Michigan<\/span> automaker being sold.<\/p>\n<p> Both are expected to post dismal third-quarter results on Friday, capping off a disastrous week that started with reports that U.S. auto sales plunged to the lowest annualized rate in a quarter century in the first month of the fourth quarter.<\/p>\n<p> Analysts on average expect GM and Ford to post losses of roughly $2 billion each for the third quarter excluding one time items, according to Reuters Estimates.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20081107\/bs_nm\/us_autos_results_preview\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; General Motors Corp (GM.N) and Ford Motor Co (F.N) posted more than $27 billion of net losses in the first half of 2008 &#8212; and that was before a deepening economic slowdown pushed industry sales beyond 15-year lows. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[178,3613,3612,3614,3616,117,580,3376,3615,531,1868,2030,236,2848,1804,2031],"class_list":["post-9072","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amount-of-money","tag-choppy-markets","tag-dphiq-pk","tag-financial-puzzle","tag-government-funding","tag-investment-arm","tag-makoto","tag-mortgage-backed-assets","tag-quarterly-publication","tag-setback","tag-swiss-franc","tag-tata-motors","tag-trillion","tag-turnover","tag-westwood","tag-wh"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9072"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9072\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}