General Motors losses

General Motors has admitted that its loss for last year was $2bn (£1.15bn) higher than previously reported. The company was forced to restate its loss to $10.6bn (£6bn) as a result of higher healthcare, pension and redundancy costs and a write

General Motors has admitted that its loss for last year was $2bn (&£1.15bn) higher than previously reported. The company was forced to restate its loss to $10.6bn (&£6bn) as a result of higher healthcare, pension and redundancy costs and a writedown of the value of its financing arm.

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