UPDATE 1-GM quarterly net loss mushrooms to $4.8 billion

Newswire

(Adds details, stock activity) DETROIT, Jan 25 (Reuters) - General Motors Corp. on Thursday said its fourth-quarter net loss mushroomed to $4.8 billion as it struggled with high costs, shrinking market share and sluggish sales of sport utility vehicles. The world's largest automaker said the loss amounted to $8.45 a share, compared with a year-earlier loss of $99 million, or 18 cents a share. Excluding one-time items, the company lost of $1.2 billion, or $2.09 a share. On that basis, ...

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