Auto industry is facing a huge quarterly loss that was much worse than expected and General Motors warned it is in danger of running out of cash in the coming months.The nation's largest automaker reported that it lost $4.2 billion. Shares of GM fell 9% Friday to $4.36, a nearly 60-year low.Bankruptcy for GM is a very real risk.Meanwhile Ford has said that it has lost 2.7 Billion dollars.
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