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Archive Home > 2008 > May > 01 > GM loses $3.3 billion

GM loses $3.3 billion


May 1, 2008

DETROIT — Bowing to grim reality, General Motors Corp. followed Ford’s lead and cut its U.S. sales forecast Wednesday after a tough first quarter that saw a $3.3 billion loss. GM’s loss for the January-March period amounted to $5.74 per share, reflecting $2.9....

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