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View Full Version : General Motors hit by accounting error chris 11-10-2005, 07:07 AM http://news.bbc.co.uk/2/hi/business/4424168.stm ___________________________________________ GM has revealed a $300,000,000 accounting error. :eek: It seems this error caused income figures to be over-stated by up to 35%. Commander 11-10-2005, 03:46 PM And my wife just quite her job as an accountant for Pontiac, lol... Aingh, not good news for a company already in a tight spot. KyzrSoze 11-10-2005, 07:28 PM From the article: It found the error after conducting an internal review of its supplier credits, a matter that was also being investigated by US financial watchdog, the Securities and Exchange Commission. Sounds to me like this admission is a preemptive strike by a company that already knew that the "error" existed.:mad: VQ 11-11-2005, 02:24 AM That isn't good, GM has been making bad decisions for years now IMO, the biggest one was losing GMEMD as I have vioced before. Commander 11-11-2005, 05:16 AM The biggest was dumping the F-body right when the like was called for... MAJOR BONER! :mad: VQ 11-11-2005, 12:33 PM They are going ahead with Zeta now however it's not that bad, but, lets hope it's decent. Smokey! 11-11-2005, 12:54 PM "Accounting error"? Yeah right! What kind of lousy excuse is that ^_^ . Seriously there must be something we dont know... Radical-Al 11-11-2005, 02:54 PM maybe their macs crashed with the right info lol |
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