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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (48264)	3/16/2006 9:34:21 PM
From: mishedlo	Respond to of 116555

GM revises 2005 loss to $10.6B General Motors Corp. (GM) late Thursday revised its reported loss for 2005 to $10.6 billion, or $18.69 a share, a steeper loss than the $8.6 billion, or $15.13 a share, it reported in January. The automaker said it now expects a 2005 North American restructuring charge of $1.7 billion, up from the $1.3 billion it previously reported. GM also expects to increase the charge for its contingent exposure relating to Delphi's Chapter 11 filing to $3.6 billion from the previous estimate of $2.3 billion. GM said it will delay filing its form 10-K for 2005, but that it plans to file in the next two weeks. marketwatch.com