GM posts loss on North America slump
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General Motors Corp on Tuesday posted a quarterly loss reflecting a slump in its North American market and losses at former finance subsidiary GMAC.
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DETROIT  - General Motors Corp. is forecast to post a healthy profit when it reports third-quarter earnings Thursday, but European business continues to falter and another severe overseas overhaul is likely.
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General Motors , which has experienced two months of disappointing sales, reveals a new winter sales programme in the US.
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DETROIT, Michigan : General Motors Corp. dealers are scaling back their orders for new 2005 model year cars and trucks amid slow sales of older models, the Wall Street Journal revealed.
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General Motors Corp.  on Thursday posted slightly stronger quarterly earnings, but the results were at the low end of its own forecast and the company cut its earnings outlook for the year due to slower growth in Asia-Pacific and mounting losses in Europe.
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Ford Motor, Chrysler and the three largest Japanese automakers said yesterday that U.S. sales fell in January, but General Motors reported a surprise gain.
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General Motors Corp.  on Tuesday  said U.S. sales fell 24 percent in June, a decline much larger  than analysts expected.
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US auto giant General Motors got tough with its loss-making European activities, announcing plans to axe one in five jobs in the region over the next two years in a brutal bid to drive the businesses back to profit after six years of losses.
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Blaming high labor costs and weak demand for cars, General Motors Europe said Thursday it plans to shed 12,000 jobs - almost 20 percent of its work force - in order to halt chronic losses.
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General Motors Corp. and Ford Motor Co.  lost more than a sixth of their combined U.S. sales in January, and Toyota Motor Corp. extended its 20-month winning streak and claimed the No. 2 spot in the U.S. market.
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Sears, Roebuck and Co. posted a &#36;61 million loss in the third quarter and lowered its estimate for full-year earnings as its tailspin continues. The giant retailer's stock fell sharply Thursday.
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General Motors Corp. GM.N on Thursday  said it expects earnings this year to fall, due partly to a $1  billion rise in health-care costs, and the automaker also  pushed back a longer-term profit target.
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General Motors Corp. GM.N will likely  cut some jobs in Europe and may close a plant there as part of  a restructuring plan under development to try to return the  region to profitability, the U.S. automaker said on Wednesday.
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General Motors Corp. and Ford Motor Co. continued to lose market share during November as overall sales of new cars and trucks dropped nearly three percent.
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General Motors Corp  said on  Thursday its U.S vehicle sales fell 5.2 percent in December as  consumer demand softened amid a weak housing market and higher  gas prices.
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General Motors Corp.  and Ford Motor Co.  posted weaker U.S. sales for August on Wednesday and both cut planned fourth-quarter production as their aging vehicle lineups lost ground to rival Chrysler and some foreign brands.
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General Motors Corp.  on Friday cut its outlook for industry-wide U.S. auto sales in 2007, estimating annual sales of about 16.8 million vehicles, down from an earlier forecast of 17 million units.