GM Posts $9.6 Billion Loss, Burns Through $6.2 Billion in Cash

For the year, GM lost $30.9 billion, the second biggest loss in the auto maker's 100-year history.

The Wall Street Journal reports that GM is awaiting word from its auditors as to whether the company must be labeled a "going concern" in filings to the U.S. Securities and Exchange Commission, a judgment that casts doubt on the company's ability to survive. The determination is expected in March.