Gm First Quarter Loss
Thread Starter
Experienced GTcars Poster
Joined: Aug 2004
Posts: 1,663
From: Knoxville, TN
Rep Power: 824 
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
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.
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.
~~~ SITE SPONSOR ~~~
Joined: Jan 2004
Posts: 7,073
Rep Power: 954
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.
GTcars - Post God !
Joined: Mar 2003
Posts: 5,199
From: Fort Worth TX
Rep Power: 947
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.
Thread
Thread Starter
Forum
Replies
Last Post
yaroslav_zilov@yahoo.com
Hyundai Mailing List
0
May 25, 2007 09:20 AM
yaroslav_zilov@yahoo.com
Honda Mailing List
0
May 25, 2007 04:03 AM
yaroslav_zilov@yahoo.com
Honda Mailing List
0
May 25, 2007 04:03 AM
Ravell
Want To Buy
1
Aug 11, 2005 02:50 PM
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)