Today, GM reported a loss of over $15 billion in the 2nd Quarter of '08. This is partly due to a decrease in sales and many other factors, among which you can count a "$197 million charge related to the settlement of a nearly three-month strike at supplier American Axle and Manufacturing Holdings Inc., which hurt production at more than 30 GM plants."
This is bad news folks. If one of the largest auto manufacturers in the county is having a hard time it's probably because, in spite of any official reports, our economy is at an all-time low. Of course, this doesn't help the upcoming election, but I think it's time to fact the facts.
See GM article
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