(Adds details, analyst and executive quotes) DETROIT, Jan 26 (Reuters) - General Motors Corp. posted a fourth-quarter net loss of $4.8 billion on Thursday, much worse than Wall Street had expected, amid high costs, shrinking market share and sluggish sales of sport utility vehicles. It was the fifth straight quarterly loss for the world's largest automaker and brought its losses for all of 2005 to $8.6 billion. "The numbers are much worse than I thought they would be, especially given ...
Premium Content (PAID Subscription Required)
"UPDATE 2-GM net loss $4.8 billion, must worse than expected" 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:
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.