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More lousy news ...
Posted by KevinM (more from KevinM) on Tue, 17 Nov 2009 07:44:53
In Reply to: Oldest Saabdealership in the USA to lose its dealership, Brian T., Mon, 16 Nov 2009 15:31:56
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The Truth About Cars has a report today that for the past 8 years, GM lost $5,000 for every Saab it sold. Ouch! As some of the posters report, padding losses isn't a hard thing for an accountant to do, but it's not the kind of info that will enhance deal making. For example, the retort "Nah! It wasn't $5K, more like $2,500!," still translates to, "This is a company that can't exist without a subsidy from someone." Oh, bah.
posted by 72.195.141...
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