Holy smoke.
General Motors Corp. said late Tuesday it will record a third-quarter non-cash charge of $39 billion because of accounting standards related to its deferred tax assets in the U.S., Canada and Germany. The company said the money is needed to establish a valuation allowance in part to compansate for unanticipated losses at GMAC Financial Services.
GMAC does two things: it finances new cars, and it writes home mortgages.
You know them as DiTech.com...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment