General Motors Corp. Chief Executive Officer Rick Wagoner expects the world's biggest carmaker to improve results after a loss in the second quarter tied to severance packages in the U.S. for 35,000 workers.
``We need to look behind that and look at the underlying business,'' Wagoner told journalists today at the U.K. Motor Show in London. ``We hope to continue to drive for significantly improved results.''
Wagoner is under pressure to consider an alliance with Renault SA and Nissan Motor Co. after GM had a $10.6 billion loss last year and the carmaker's U.S. market share dwindled to an 80- year low. The second quarter will include an after-tax charge of $3.84 billion for the job cuts, Wagoner said.
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