Thursday, November 08, 2007
GM reports record losses
General Motors has announced a loss of $39bn (£18.4bn) in its third quarter.
A charge involving unused tax credits ended a profitable period, with three good quarters behind the US's largest carmaker.
The downturn represented a huge loss for GM, which has suffered an overall net loss of nearly $69 per share.
In the third quarter of last year, the company recorded a loss of only 26 cents per share.
DATED: 08.11.07
FEED: MT
