General Motors Corp. reported today a $2.5 billion third-quarter loss as tight credit, a stock market crisis, stalled consumer spending and a declining housing market have led to fewer vehicle sales and pushed the automaker closer to running out of money next year without additional federal aid.
The automaker also has halted talks to acquire rival Chrysler LLC.
The net loss of $4.45 a share compares with a net loss of $42.5 billion, or $75.12 per share in the same period last year, though most of that loss was related to an accounting adjustment.
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