General Motors’ First-Quarter Loss Narrows

April 21, 2006 9:00 AM, EDT

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eneral Motors Corp. reported a narrower first-quarter loss than last year and beat analysts’ estimates pulling in record revenue, Bloomberg reported.

GM took its sixth straight quarterly loss in reporting a $323 million or $57 cents per-share loss, compared with losing $1.25 or $2.22 a year earlier.

evenue rose 14% to $52.2 billion, a record. The No. 1 automaker turned its first profit in Europe since 2000, Bloomberg reported.

Besides automobiles, GM also makes light and medium-duty trucks in Classes 2-7.

Chief Financial Officer Fritz Henderson said GM was “confident” the company would be able to avoid a strike at Delphi Corp, its bankrupt supplier and former unit, Bloomberg reported.

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