General Motors said its 2005 loss will be $2 billion larger because of higher costs to eliminate workers and bail out its bankrupt former unit Delphi, reports Bloomberg. The revision of last year’s results will boost the 2005 loss to $10.6 billion from $8.6 billion reported in January. “I think investors are going to wonder just what is going on at General Motors,” said Eugene Jennings, a business professor emeritus at Michigan State University. “It’s my been my experience that if you find one accounting problem, it’s just a representation of the iceberg that’s below it.”
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