≡ Menu

GM Biggest Annual US Auto Loss


General Motors Corp. reported a $38.7 billion loss for 2007 , the largest annual loss ever for an automotive company.

The Detroit-based automaker said it was offering a new round of buyouts to all 74,000 of its U.S. hourly workers who are represented by the United Auto Workers.

Ford Motor Co. and Chrysler LLC already have announced similar buyout offers.

{ 1 comment… add one }

Leave a Comment