UPDATE 1-GM posts quarterly loss on strike, charges

Newswire

(Adds background, quote, Wall Street expectations, byline) By Kevin Krolicki and David Bailey DETROIT, April 30 (Reuters) - General Motors Corp on Wednesday posted a first-quarter loss due to a costly supplier strike, waning demand for its most profitable vehicles and charges related to struggling former subsidiaries. GM, whose shares rose nearly 4 percent in pre-market trading, also took a $1.45-billion charge for its remaining investment in finance company GMAC and a $731-million ...

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