Wednesday, April 30, 2008

GM losses widen as US market flags

Go to Financial Times original
General Motors on Wednesday reported a wider net loss of $3.3bn for the first quarter as the flagging US car market and problems at GMAC, its financing arm, and Delphi, its biggest supplier, took their toll.

Revenue for the quarter was $42.7bn, down slightly from $43.4bn a year ago, as the problems facing its US business failed to offset strong growth of its business in China, Brazil, Russia and India.


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