What's Good For G.M Is Good For America

So, true. The corporate mind only understands one thing and that is $ and only the loss of $ can change the corporate mind.

General Motors Corp. reported Wednesday a net loss of $3.25 billion, or $5.74 per share, in the first quarter of 2008, as revenue was down slightly on business in North America.

In the comparable quarter a year ago, the Detroit automaker (NYSE: GM) posted net income of $62 billion, or 11 cents per share.

GM's total revenue for the first quarter of 2008 was $42.7 billion, down slightly from $43.4 billion in the year-ago quarter primarily due to lower North America automotive and financial services and insurance revenues. Automotive revenues outside of North America were up over 20 percent, with strong growth in China, Brazil, Russia and India.

Minus charges, GM posted an adjusted net loss of $350 million, or 62 cents per share in the period, compared to an adjusted net loss from continuing operations of $10 million, or 1 cent per share, in the first quarter of 2007.

The company said special items totaled $2.9 billion.

GM employs about 2,000 at its Moraine assembly plant.

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The Nazis, Fascists and Communists were political parties before they became enemies of liberty and mass murderers.