General Motors reported a record net loss Wednesday due to a $39 billion charge, along with a large operating loss that was far worse than Wall Street expectations.
The nation's No. 1 automaker, which was hit with a soft auto market and a two-day strike by the United Auto Workers union during the quarter, lost $1.6 billion, or $2.80 a share, excluding special items.
GM posted a huge $39 billion loss in the third quarter due to accounting charges, even as its global auto operations reported a profit.
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