Nissan Follow

With another huge quarterly loss now in its rearview mirror, General Motors Corp. faces the ominous task of raising revenue by selling cars rather than trucks. Visitors look at cars at Nissan Motor Co. showroom in Tokyo Friday, Aug. 1, 2008. Japan's third-largest automaker said Friday its net profit for the April-June quarter dropped 42.8 percent, hit by a rising yen and accounting provisions for the declining value of leased vehicles. In this Oct. 17, 2007 file photo, showing the exterior view of the new car delivery and entertainment center of the German car maker BMW prior to the inauguration in Munich, southern Germany. Automaker BMW AG said Friday, Aug. 1, 2008, that its second-quarter profit slid nearly 33 percent and abandoned its annual profit forecast, blaming a drop in U.S. sales, rising costs for raw materials and the strong euro. In this July 15, 2008, file photo, General Motors chairman and CEO Rick Wagoner listens during a news conference in Detroit, July 15, 2008 with company Product Development Vice Chairman Bob Lutz, right. General Motors Corp. said Friday, Aug. 1, its losses widened to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan. In this Juily 13, 2008 file photo, the discount available is highlighted on the side of an unsold 2008 Denali at a GMC Truck dealership in Littleton, Colo. General Motors Corp. said Friday its losses widened to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan. In this July 13, 2008 file photo, unsold 2008 Acadias sit at a GMC Truck dealership in Littleton, Englewood Colo. General Motors Corp. said Friday, Aug. 1, its losses widened to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan.