General Motors in the 2nd quarter, suffered a loss of 15.5 billion dollars

The net loss automobile concern General Motors (GM) in the 2nd quarter of 2008 was 15.5 billion dollars, the company said. At the same time for the same period last year, the company recorded a net profit of 784 million dollars revenue of the Group during this period declined by 22.3 percent. - To 38.2 billion dollars in the same time, the report notes that in Europe, sales reached record levels of concern in 590 thousand avtomobiley.V Russian car sales GM rose 48 percent. The company now sells in Russia 2 of the project. GM is a partner of "AvtoVAZ" in a joint venture in Togliatti, which produces cars Chevrolet Niva and Viva. The company also leads the assembly of its vehicles under the brands Cadillac, Hummer and Chevrolet at the facilities of the Kaliningrad JSC "Avtotor." According to GM, the company controls 11.3 percent. Russian car market.