General Motors is betting...
General Motors is betting that hydrogen-powered vehicles will one day make you forget about those billion-dollar losses it's racking up.
In March, the same month General Motors dropped the bombshell that it might lose $850 million in the first quarter, the company gathered a clutch of two dozen or so journalists and flew them, some on a GM company jet, to California, where it put them up at luxurious hotels in San Francisco and Santa Monica. Over the two-day trip they were treated to elaborate meals at hot spots like Geoffrey's in Malibu and Schatzi on Main in Los Angeles, owned formerly by Governor Arnold Schwarzenegger.
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