GM’s fix-it plan kicks in
April 21st, 2006 • Related • Filed Under
With its losses narrowing and its cash reserves piling up, General Motors Corp. is ready to kick its turnaround plan into a higher gear in the second half of 2006.
The world’s largest automaker said Thursday it lost $323 million in the first quarter, a $1 billion improvement over last year’s results and a hopeful sign that GM may have turned a corner in its road to revival.
