The U.S. credit crisis spread like a disease that contaminated global markets and contributed to General Motors Corp.’s $9.6 billion fourth-quarter loss and full-year $30.9 billion shortfall in 2008, the auto maker says. Likening the dearth of available credit to a “contagion” that has the Obama Admin. scrambling to revive the nation’s banking industry, GM Chief Financial Officer Ray Young says the auto maker’s North American automotive operations were overwhelmed by a downward spiral that ...
Premium Content (PAID Subscription Required)
"GM: Industry Crisis Officially Global" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.