Wednesday, April 30, 2008

G.M. Loses $3.3 Billion in First Quarter

..oh yeah, and marketing exactly the same giant, heavy pick-up trucks & suv's, but with hybrid engines and pretending they're 'gas friendly' isn't fooling anyone with an I.Q greater than room temperature. the first quarter figures show.

DETROIT — General Motors said Monday that it would slash production of big trucks and sport utility vehicles by nearly 140,000 units this year, a move that would eliminate assembly shifts at four plants and cause about 3,550 workers to be laid off.

and wall st. cheers, and GM's shares rise because the losses and earnings were better than expected...

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