General Motors posted a net loss of $286 million for the second quarter as its core North American auto operations lost $1.2 billion, The Wall Street Journal reported.
The world's largest automaker's global automotive operations lost $948 million, despite profitable results in three of its four regions, which were eclipsed by the North American loss. The overall loss is $286 million compared to net income of $1.4 billion. Revenue fell 1.5% to $48.51 billion.
Among GM's few positive developments: Its global market share rose, as did its share in North America, thanks to recent discounting programs which proved popular with buyers.
Still, GM North America's second-quarter loss compared to profits of $355 million during the same period last year. GM North America has registered about $2.5 billion in losses during the last six months.
WSJ..
>>>For Sale? Clicky!<<<
-----The orginal Mr.Goodwrench on the JBO since 11/99-----
seems like they never make any gains
1989 Turbo Trans Am #82, 2007 Cobalt SS G85
And they had the employee discount! What a bunch of mismanaged departments..
ehhh i hope they figure out whats up
seems like there only doing bad in it's home country......
Quarter 3 will be the interesting one. It will be primarily the Employee discount promotion from the start of the quarter.
-----------
Words that you can't use in modding: Finished, Perfect, Cheap.
The government will bail em out. They always do. Ever wonder why Chrysler is still around.
M-Powered...
Mr.Goodwrench-G.T. your still a fag
Dave B wrote:Mr.Goodwrench-G.T. your still a fag
go away
2000 2200 Cavalier: 9/14/2000--10/23/2006
2007 G85 SS S/C: 10/23/2006--Present
Vote for me at
Motortopia.com! Thanks!
Hey,
GM is the second largest employer in the USA. ( The #1 is the US Federal Government!! ) So GM isnt going anywhere!! The US Governement will help if they need it!!
Take care.
WJB
Real Cars ( and Trucks. ) Have 3 Pedals, 2 Shifters, and No Sparkplugs!!
must be nice to be GM... kinda
^