«General Motors» on the road to bankruptcy?

Automotive Proizvodstvo09-11-2007 «General Motors» on the road to bankruptcy? Record loss in its history records the largest U.S. automaker «General Motors» Corp. (GM). According to the results of the third quarter of this year it was 38.6 billion Dolar. Compared with July-September last year, losses of the company has more than 260 times. This was due to the fact that the «General Motors» debited deferred tax assets amounting to 38.6 billion dollars for operations in the U.S., Canada and Germany over the past three years. It was during such a period, the company does not make a profit and operates in the negative, said «The Wall Street Journal». Losses of previous years, the company recorded in contemporary accounts. Help: General Motors was founded in 1908. Home is headquartered in Detroit. Currently, GM manufactures cars in 32 countries, its products are sold in more than 192 countries. GM is a partner of AvtoVAZ joint venture "GM-AvtoVAZ, which produces Chevrolet Niva SUVs and passenger cars Viva.