TAKE A LOOK-Massive GM loss, other auto news

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Thu Feb 26, 2009 9:44pm GMT

 General Motors Corp (GM.N) posted a loss on Thursday of nearly $31 billion
for 2008. GM and other automakers around the world are in turmoil as consumer
demand evaporates in the wake of the global debt crisis. Now governments from
Sweden to South Korea face pressure to step in to ease funding.
 In the United States, GM and Chrysler [CBS.UL] are seeking nearly $22 billion
more in U.S. government loans. The two automakers, which have so far received
$17.4 billion in loans from the U.S. Treasury, have also detailed plans to cut
jobs and idle plants.
 For the latest Reuters coverage of auto industry in the United States and
around the world, please double-click on [AUT-E] or on the codes within brackets
below.
 NORTH AMERICA
> GM posts deep loss, sees 'going concern' risk          [ID:nN26533432]
> GM CEO's meeting with US auto task force under way     [ID:nN26255369]
> US faces $1.75 trln deficit as world economy reels     [ID:nN26300602]
> Ford offers UAW product pledges for cost cuts          [ID:nN26265580]
> US retail auto sales fall nearly 38 pct in Feb         [ID:nN26274489]
> Ford says liquidity adequate amid downturn             [ID:nN26542048]
  EUROPE, ASIA AND LATIN AMERICA
> Opel workers rally against GM cuts in Europe            [ID:nLQ489988]
> GM's Opel workers attend mass rally to save jobs        [ID:nLQ443739]
> Italy Feb new car sales seen down 25-30 pct - UNRAE     [ID:nLQ876222]
> Porsche ups fees on 12.5 bln euro loan - sources        [ID:nLQ153825]
> France wants to check if US car aid fits WTO rules      [ID:nLQ459309]
> Daimler won't cut R&D budget despite slump               [ID:nWEA9368]
> Tata's Nano to go on sale in April, 7 months late      [ID:nBOM429662]
> Kia Motors considering bonds with warrants issue       [ID:nSEO112248]
  ANALYSIS
> U.S. advertisers tell consumers: We feel your pain     [ID:nN25491656]
> Car crisis toughest test for doyenne of dealers         [ID:nLP143105]
> Despite pledges, protectionist threat won't go away     [ID:nLP652749]
> Germany seeks to stem job cuts with shorter hours       [ID:nLJ475150]
> U.S. autos task force cannot overreach                 [ID:nN20468290]
> Success of U.S. bailout tough to measure               [ID:nN20286997]
> GM debt mountain looms as key talks heat up            [ID:nN18470515]
> US auto panel gives officials flexibility              [ID:nN16324486]
> GM may need threat of failure to survive               [ID:nN13538594]
 FACTBOX
> GM Opel's sites and staff in Europe                     [ID:nLQ858481]
> History of GM's German unit Opel                        [ID:nLQ349560]
> Summary of $787 bln U.S. stimulus law                  [ID:nN23342864]
> Global crisis brings threat of protectionism            [ID:nLK600755]
> U.S. auto aid requests top $100 billion                [ID:nN19506046]
> Profitability of European auto brands                   [ID:nLJ469056]
> Key facts about GM subsidiary Saab                      [ID:nLJ326061]
> Highlights of GM's restructuring plan                  [ID:nN17392049]
> Highlights of Chrysler's restructuring plan            [ID:nN17390012]
For stories about the top brands, please click on:
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[VOWG.DE-E] [DAIGn.DE-E] [BMWG.DE-E] [RENA.PA-E] [PEUP.PA-E] [FIA.MI-E]
[GM.N-E] [F.N-E]
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 Europe -         Helen Massy-Beresford (helen.beresford@thomsonreuters.com)
 United States -  Kevin Krolicki (kevin.krolicki@thomsonreuters.com)
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                  Matthew Lewis (matthew.lewis@thomsonreuters.com)
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