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GM to Record Non-Cash Charge for a Deferred Tax Valuation Allowance in its Third Quar

Discussion in 'The Coffee Shop ~ Chit Chat' started by ChevyFan, Nov 6, 2007.

  1. ChevyFan

    ChevyFan November Beard Grower - Cancer Fighter Staff Member 5+ Years 5000 Posts

    [ GM Corporate USA ]
    DETROIT - General Motors Corp. (NYSE: GM) today announced it will record a net non-cash charge of $39 billion for the third quarter of 2007 related to establishing a valuation allowance against its deferred tax assets (DTAs) in the U.S., Canada and Germany. ...

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