UPDATE 4-GM posts $3 bln loss, shares jump as worse avoided

Newswire

(Adds detail, updates share price, recasts) By Kevin Krolicki and David Bailey DETROIT, April 30 (Reuters) - General Motors Corp posted a narrower-than-expected quarterly loss on Wednesday as sales gains in Asia and Latin America overshadowed a slump in the U.S. market, sending its shares up 13 percent. The No. 1 U.S. automaker fell to a net loss of $3.25 billion, or $5.74 per share, from a year-earlier profit, reflecting the impact of a costly supplier strike and waning demand in ...

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