GM posts worst loss since the last year of Bush 1s administration.

Bowser — 4/20/2005 3:37:36 AM (archived)

GM Has $1.1 Bln Loss, Withdraws Forecast
"DETROIT (Reuters) - General Motors Corp. (GM.N: Quote, Profile, Research) on Tuesday posted a first-quarter net loss of $1.10 billion, its worst result since the industrial icon skirted bankruptcy in 1992, due to weaker U.S. sales and growing costs for employee health care and raw materials to build cars.

"The world's largest automaker, which alarmed the markets last month when it slashed its outlook, said its automotive operations lost $1.98 billion in the quarter, with a loss in North America alone of $1.56 billion."

Arf (Just a coincidence, Bow, just a coincidence. Yeppers! )

The whole thread (12 posts)

GM posts worst loss since the last year of Bush 1s administration. - Bowser - 4/20/2005 3:37:36 AM
- If GM would make decent cars, it would certainly help. - David F Mayer - 4/20/2005 6:51:24 PM
- What's good for GM is good for the country? - p - 4/20/2005 2:24:57 PM
  - "It's the economy, stupid." (n/t) - alcaray - 4/20/2005 5:48:14 PM
    - re: "It's the economy, stupid." Uh, no... try some facts - p - 4/21/2005 5:32:36 PM
      - This shouldn't be so difficult - alcaray - 4/21/2005 9:53:51 PM
        
        re: This shouldn't be so difficult - p - 4/21/2005 10:11:48 PM
        
        Conservatives are facetious, liberals are obtuse. I get it now. - alcaray - 4/21/2005 11:05:58 PM
        
        re: Conservatives are facetious, liberals are obtuse. I get it now. - p - 4/22/2005 12:57:34 AM
        
        Seriously, no. (n/t) - alcaray - 4/22/2005 3:08:31 PM
    - You know they suck (n/t) - FrankC - 4/21/2005 4:36:29 AM
      - Just clarified Bowser's post for Phil (n/t) - alcaray - 4/21/2005 4:14:33 PM

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