GM trims earnings projection for year
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Kicking off what promises to be a dismal round of automotive earnings reports, General Motors yesterday laid out a range of problems that have no ready solutions, from the slowdown in auto-sales growth in China and record-high steel costs to intractable
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General Motors Corp. GM.N on Thursday  posted disappointing quarterly earnings and cut its full-year  profit forecast amid slowing growth in China and European job  cuts, sending its shares down 4 percent.
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FRANKFURT: General Motors Europe will chop 12,000 jobs over two years - around a fifth of its workforce - to lop 500 million euros ($673m) from costs at the loss-making business, it reaffirmed yesterday.First ...
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Swedish carmaker Saab reduced its annual sales targets as the General Motors  unit tries to reach break-even, the head of GM Europe said in an advance abstract of a report in Automotive News Europe on Saturday.
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General Motors Corp. GM.N on  Wednesday said its earnings fell 37 percent due to growing U.S.  health-care costs and bigger losses from its European  automotive operations.
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After a slow start, the auto giant lowers its full-year expectations.
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General Motors Corp. is prepared to nearly halve the number of Buick models it offers in the United States as it tries to reestablish the luxury brand in its home market, GM's chief executive said on Tuesday.
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General Motors Corp.  on Wednesday posted weaker fourth-quarter earnings due to growing U.S. health care costs and bigger losses from its European automotive operations.
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General Motors Corp. GM.N said on  Thursday that it expects earnings this year to fall, due in  part to weaker profits from its financial services arm.
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General Motors Corp. GM.N said on  Thursday it expects earnings this year to fall due to lower  profits at its financial services unit and a $1 billion rise in  health-care costs.
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Swedish carmaker Saab reduced its  annual sales targets as the General Motors  unit tries to  reach break-even, the head of GM Europe said in an advance  abstract of a report in Automotive News Europe on Saturday.
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General Motors Corp  told analysts on Thursday that it expected to cut annual U.S. labor costs by $5 billion by 2011 and increase its revenues in all regions during 2008.
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Diversified manufacturer General Electric Co.  said on Tuesday that it is on track to meet its full-year earnings forecast and to achieve double-digit gains in earnings per share in 2005.
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General Motors Corp. said on  Thursday it expects to significantly improve operating results,  including earnings and cash flow, over the next two-to-three  years.
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General Motors Corp.  said on Thursday that it expects earnings this year to fall, due in part to weaker profits from its financial services arm.
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General Motors Corp. GM.N and Ford  Motor Co. F.N said on Wednesday they would cut production  more than expected after weak U.S. sales in November, a move  that analysts said could hurt profits.
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General Motors of Canada  will  cut about 1,000 jobs at a truck plant in Oshawa, Ontario, in  January amid slumping pick-up sales, the Globe and Mail  newspaper said in its online edition on Thursday.