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GM loses $1.1bn as car sales slow
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| Contributor | Ben |
| Last Edited | Ben Apr 19, 2005 01:51pm |
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| Category | News |
| Media | TV News - British Broadcasting Corporation BBC News |
| News Date | Tuesday, April 19, 2005 07:00:00 PM UTC0:0 |
| Description | Flagging sales and the rising cost of employee healthcare pushed General Motors to a net loss of $1.1bn (£576m) in the first three months of 2005.
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Profits at both GM and Ford have been sustained in recent years only by the money they make not only on loans to customers to buy vehicles, but also on mortgages and insurance. |
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