1st
May
2008
GM Posts $3.3 Billion Loss
posted in Car News Articles |
Posted on 04.30.2008 19:32
by
Ralph Kalal
Filed under:
| industry news
Ford may have surprised with a profit in the first quarter of this year, but at General Motors it was more of the same: losses in U.S. operations that overshadowed and overwhelmed profits elsewhere. GM lost $3.3 billion in the first three months of this year, largely due to softening U.S. sales, particularly in the light truck and full-size SUV segments which GM dominates. GM's chairman and CEO Rick Wagoner attempted to put a positive spin on the results, issuing a statement which said that (…)
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