We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Write-down envy

7 November 2007 By Antony Currie

The Detroit car maker s whopping $39bn deferred tax hit dwarfs banks CDO losses, and is an admission that its beleaguered business won t be roaring back anytime soon. But at least GM s step looks more realistic and honest than the opaque and at times lagging approach Wall Street is using.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)