GM says on track to meet GMAC targets

Newswire

DETROIT, Aug 30 (Reuters) - General Motors Corp. said on Tuesday that its finance arm and global operations, other than in North America, remain on-track to meet or exceed 2005 targets. GM did not offer any earnings guidance for its North American operations for the remainder of the year. GM stopped issuing profit outlooks after posting $1.1 billion loss in the first quarter. The company's North American automotive operations lost $2.5 billion in the first half of this year.

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