Pain and no gain at GM
Aug. 1 - Change in the appetite of consumers, and costs related to production cuts, sparked the 3rd biggest quarterly loss in the history of General Motors.
Other auto-makers also suffer because of a difficult U.S. market. Toyota and Honda both cut their sales forecasts citing weaker demand in the North America. Diane King reports from New York.SOUNDBITE: George Magliano, director of auto research, Global Insight.
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