GM swings to massive second-quarter loss
By Shawn Langlois, MarketWatch
Last Update: 8/1/2008 7:45:00 AM
SAN FRANCISCO (MarketWatch) — General Motors Corp., scrambling to right-size its
operations and shift production toward smaller cars, reported Friday another
massive loss as customers’ shift away from its profitable truck and SUV lines
gathered momentum.
Before the bell, GM (GM) said it swung to a second-quarter [...]