GM motors still has loss after bankruptcy
General Motors posted Wednesday a $4.3 billion loss for the six-month period following its return from bankruptcy this past summer.
Through the first quarter of 2010, sales increased by 16.8 percent. However, this followed their 29.9 percent drop in sales during 2009.
“As the results for 2009 show, there is still significant work to be done,” said GM Chief Financial Officer Chris Liddell in a statement. “However, I continue to believe we have a chance of achieving profitability in 2010.”