General Motors Corp.’s massive employee-buyout program contributed to a second-quarter net loss of $3.2 billion, but minus restructuring costs, the auto maker posted an operating profit of $1.2 billion, beating expectations. The news boosted the auto maker’s stock to more than $30 per share for the first time this year. The company took $4.3 billion in charges for special items, including a $3.7 billion after-tax charge for the worker-attrition program, under which 34,410 hourly ...

Premium Content (PAID Subscription Required)

"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.