Wednesday, April 30, 2008
Daniel Howes
Kerkorian motive is cash and ?

If Ford Motor Co. brass could deliver one message to its employees, now that Las Vegas billionaire Kirk Kerkorian is on his way to owning 5.6 percent of the automaker, it’d be two words — calm down.
Good advice, even if those same executives are doing anything [...]

GM posts $3.25 billion loss in 1Q
 
GMAC, Delphi and American Axle are costly problems
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Philip Nussel
Automotive News | April 30, 2008 - 7:22 am EST
 
 
 
DETROIT — General Motors said today it posted a net loss of $3.25 billion during the first quarter — the bulk of the red ink coming from one-time charges for its [...]

GMAC posts $589 million loss; may not turn 2008 profit
 

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Automotive News | April 29, 2008 - 9:15 am EST
 
 
 
NEW YORK (Reuters) — Finance company GMAC said on Tuesday its first-quarter loss nearly doubled as more customers fell behind on mortgage payments, and that it may not turn a profit this year.
The loss increased to $589 [...]