UPDATE 6-GM posts $15.5 billion loss as sales sputter

Newswire

(Adds detail on July sales, GM history; updates share price) By Kevin Krolicki and David Bailey DETROIT, Aug 1 (Reuters) - General Motors Corp reported a $15.5 billion quarterly loss on Friday as North American sales dropped by 20 percent and resale prices for SUVs coming off lease plunged. GM shares fell as much as 11 percent in reaction to the automaker's announcement of the much bigger-than-expected quarterly loss, the third-largest in its 100-year history. The No. 1 U.S. ...

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