GM posts $15.5 billion loss

[Jake]

http://money.cnn.com/2008/08/01/news...tors/index.htm

NEW YORK (CNNMoney.com) -- General Motors reported a huge second-quarter net loss Friday of $15.5 billion after restructuring and other charges.

The automaker lost $27.33 per share in the quarter, compared to a profit of $784 million, or $1.37 per share, a year ago.

Even factoring out those charges, GM posted a stunning $6.3 billion loss on operations. That works out to $11.21 per share, far above the $2.62-a-share loss projected by Thomson Reuters.

[jvincent]

Umm, ouch!