General Motors Corp., which is planning big job cuts and plant closings as it fights to avoid bankruptcy, said Thursday it lost $4.8 billion in the fourth quarter and $8.6 billion in all of 2005, dragged down by losses in its North American division.
The loss amounts to $8.45 per share for the quarter and $15.13 per share for the year. GM’s fourth-quarter loss compares to a loss of $99 million in the October-December period of 2004. Revenue was $51.2 billion for the quarter, down slightly from $51.4 billion a year ago. Full-year revenue was $192.6 billion, down slightly from $193.5 billion in 2004.
