GM reports record losses

US carmaker General Motors has just reported a massive US$ 39 billion loss during the three months ended September 2007

03 Dec 2007 | 3148 Views | By Autocar Pro News Desk

US carmaker General Motors has just reported a massive US$ 39 billion loss during the three months ended September 2007, far higher than was expected, thanks to the combined effect of slowdown in the US car market, a strike by its workers, losses in its financing arm GMAC and a ...

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