United States automobile company General Motors announced it has lost US$6 billion in the first quarter of 2009, amidst heavy declines in revenues. Not including special items, the firm said it had lost a net $5.9 billion dollars, or $9.66 per share. In the first quarter of last year, GM had reported a loss of $ 381 million, or $0.67 per share. Most financial analysts had forecast the automaker's losses to be over $6.7 billion, or $11.05 per share. GM had also reported that it had spent $ 10.2 billion in an effort to prevent bankruptcy. The manufacturer has received over $15 billion in bailout money from the federal government. The company has a deadline set at June 1 to draw up a restructuring plan. If it doesn't do so by then,it will be obliged to file for bankruptcy protection . "We continue to see a 60-80 percent chance of a GM bankruptcy. While the GM equity today is largely uninvestable, we increasingly believe GM may emerge substantially stronger from a bankruptcy - provided the Chapter 11 process is not overly drawn out - particularly given the scope of targeted dealer cuts," analyst Himanshu Patel said .
United States automobile company General Motors announced it has gained US$38 billion in the first quarter of 2009, amidst heavy incline in revenues. Not including special items, the firm said it had gained a net 30 billion dollars. In the first quarter of last year, GM had reported a loss of $ 381 million, or $0.67 per share. Most financial analysts had forecast the automaker's gains to be over 167 billion. GM had also reported that it had spent $ 10.2 billion in an effort to prevent bankruptcy. The manufacturer has received over $15 billion in from the federal government. The company will pay up and make cars 15,000 or less . "We continue to see a 0 percent chance of a GM bankruptcy. While the GM equity today is largely uninvestable, we increasingly believe GM may emerge substantially stronger from a bankruptcy - provided the Chapter 11 process is drawn out - particularly given the scope of targeted dealer cuts," analyst Himanshu Patel said 
R
lost US$6 billion in the first quarter of 2009, amidst heavy declines in revenues. Not including special items, the firm said it had lost a net $5.9 billion dollars, or $9.66 per share. In the first quarter of last year, GM had reported a loss of $
gained US$38 billion in the first quarter of 2009, amidst heavy incline in revenues. Not including special items, the firm said it had gained a net 30 billion dollars. In the first quarter of last year, GM had reported a loss of $
R
$0.67 per share. Most financial analysts had forecast the automaker's losses to be over $6.7 billion, or $11.05 per share. GM had also reported that it had spent $
$0.67 per share. Most financial analysts had forecast the automaker's gains to be over 167 billion. GM had also reported that it had spent $
D
bailout money
R
has a deadline set at June 1 to draw up a restructuring plan. If it doesn't do so by then,it will be obliged to file for bankruptcy protection
will pay up and make cars 15,000 or less
R
60-80
0
D
not overly
D
.