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GM Posts $3.3B Loss on Weak US Market, Strikes

By Kevin Spak, Newser Staff

Posted Apr 30, 2008 7:16 AM CDT

(Newser) – General Motors today posted a $3.3 billion first-quarter loss, AP reports, due in part to a weak US market, a strike at a major supplier, and plummeting sales of sport utility vehicles and pickups. The loss amounted to $5.74 per share, including one-time... Read full story »

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GM Posts $3.3B Loss on Weak US Market, Strikes

General Motors • earnings reports

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More Newser Stories

GM Reports Profit, Thanks to Cost Cuts, New Models

Consider this your shareholder statement, taxpayers

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The ailing automaker looks no closer to avoiding bankruptcy, CEO says

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Misses estimates, stock tanks

GM Loses $4.2B, Has Little Cash

Talks with Chrysler dead

GM Loses $15.5B, Stuns Street

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