Gm First Quarter Loss
04-19-2005, 09:42 PM
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Gm First Quarter Loss
http://www.wate.com/Global/story.asp?S=3230180
i'm sorry, not to sound racist or anything but why are we ruining our own economy and giving all our money to the Japs?
General Motors reports $1.1B loss in 1Q
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April 19, 2005
DETROIT (AP) -- General Motors says it lost $1.1 billion in the first quarter.
The world's largest automaker was hurt by lackluster response to some new models, as well as rising health care costs and special charges.
The loss in its global automotive operations more than doubled from a year ago.
Most of the red ink came from North America. U.S. sales in the quarter dropped four percent from a year ago.
Asian automakers such as Toyota are continuing to win market share at the expense of GM and Ford.
Excluding charges, GM says it lost $839 million or $1.48 a share. Wall Street analysts were looking for a loss of $1.49 a share.
Copyright 2005 by The Associated Press. All Rights Reserved.
Email to a Friend Printer Friendly Version
April 19, 2005
DETROIT (AP) -- General Motors says it lost $1.1 billion in the first quarter.
The world's largest automaker was hurt by lackluster response to some new models, as well as rising health care costs and special charges.
The loss in its global automotive operations more than doubled from a year ago.
Most of the red ink came from North America. U.S. sales in the quarter dropped four percent from a year ago.
Asian automakers such as Toyota are continuing to win market share at the expense of GM and Ford.
Excluding charges, GM says it lost $839 million or $1.48 a share. Wall Street analysts were looking for a loss of $1.49 a share.
Copyright 2005 by The Associated Press. All Rights Reserved.
04-19-2005, 10:29 PM
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Cause Americans tend to like better deals plus little imports tend to do better on gas. SUV sales are dropping like a lead stone right now too and since GM's bead and butter is SUV/trucks their really hurting.
04-20-2005, 12:24 AM
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Originally Posted by Rockford Fosgate Fan
Cause Americans tend to like better deals plus little imports tend to do better on gas. SUV sales are dropping like a lead stone right now too and since GM's bead and butter is SUV/trucks their really hurting.
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