Hmmm... I guess that (sort of) puts a positive spin on it. Here's the quick and dirty preliminary results:• First quarter revenue of $42.7 billion
• Positive adjusted automotive earnings before tax, with improvement of over $160 million
• Positive reported automotive earnings before tax, down by $118 million
• Adjusted net loss of $350 million, reported net loss of $3.3 billion
• Continued strong results in emerging markets
• Liquidity position of $23.9 billion
For the in-depth (and dirty) preliminary results, go here .
estreka says:
09:47 AM, 05/ 1/08
I remember GM blaming the American Axle strike for 1/3 of that loss, but there's quite a bit of surplus in terms of trucks and SUVs. I doubt it had much of an effect on sales.
While this is bad, it's nowhere near as bad as Ford's $10B quarterly loss a couple years ago. Still, GM can't afford many more quarters like that.
ateixeira says:
11:36 AM, 05/ 2/08
Lies, damn lies, and statistics...