GM Earnings Disappoint, Cuts Outlook
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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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Nissan Motor Co.  reported a worse-than-expected 23 percent slide in quarterly net profit blaming a sluggish recovery in U.S. sales, and slashed its full-year forecasts to call for the first earnings drop under turnaround king Carlos Ghosn.
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General Motors sees its net profits fall 37% in the last quarter of 2004, as it continues to be hit by losses in Europe.
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General Motors Corp  said on Thursday it sees significantly improved operating earnings and cash flow in the next two to three years, but expects high fuel prices and declining consumer confidence to be a drag on U.S. sales this year.
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General Motors Corp. (GM.N: Quote, Profile, Research) on Thursday led a late-day rally in auto stocks, one day after the world&#39;s largest automaker posted dismal US sales results for August and cut vehicle production.
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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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General Motors Corp. GM.N on  Wednesday said fourth-quarter earnings fell 37 percent due to  growing U.S. health-care costs and bigger losses from its  European automotive operations.
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NEW YORK - Investors sent stocks falling sharply Thursday as crude oil prices surged near $55 per barrel and General Motors Corp. issued a disappointing earnings report...
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TOKYO/DETROIT  - General Motors Corp.  on Tuesday posted a steeper-than-expected 24 percent drop in June sales, as U.S. automakers lost share to Japanese brands and overall vehicle sales sputtered in the face of high gas prices and a weak housing market.
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U.S. stocks slipped for a second day   on Friday as fears lingered that corporate profits would be   hurt by slowing economic growth and shares of General Motors   Corp. GM.N fell on newspaper reports a tie-up with rivals   looks less likely.
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The General Motors Corporation said Thursday that high fuel prices and declining consumer confidence would be a drag on sales this year in the United States.
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U.S. stocks fell on Thursday as  disappointing earnings from automaker General Motors Corp.  GM.N, lackluster economic data and unrelenting oil pushing  higher took its toll on investors.
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U.S. stocks slipped on Friday after employment data renewed worries about slower economic growth, while shares of automaker General Motors Corp.  sank on fears a major shareholder may begin selling his stake.
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General Motors Corp. GM.N will offer  car buyers nervous about rising interest rates a chance to  lock-in today's low rates in a bid to boost its sluggish U.S.  sales, car dealers briefed about GM's new sales incentive plan  said on Tuesday.
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Wall Street was expected to open lower on growing fears rocketing oil prices will crimp corporate profit growth, with General Motors Corp.'s (GM.N) under pressure on a report orders may slip.
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General Motors Corp. GM.N on Thursday  posted disappointing quarterly earnings and cut its 2004 profit  forecast due to mounting losses in Europe and slowing growth in  China, sending its shares down 5 percent.
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General Motors Corp. and Ford Motor Co. said yesterday they would cut production more than expected after weak US sales in November, a move that analysts said could hurt profits.