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• Analyst: GM 'In a battle for their life'

  Filed under: Plants/Manufacturing , GM , Earnings/Financials According to the Center of Automotive Research (CAR), General Motors is the trauma patient with doctors gathered around the gurney giving their all to save it -- and just outside the ER doors, nurses are holding back concerned parties and shouting "It's better that you don't see!" CAR Chairman Dave Cole says it comes down to revenue, and with GM's $15.5 billion Q2 loss , revenue is down by $10 billion vs. Q2 of 2007. Cole says "Revenue is a measure of the business going forward." We think that's a bit overstated, and that revenue is more accurately a measure of business just transacted. True, multi-billion dollar losses and revenue decreases don't make the best stories, but did anyone really expect it to be cotton candy canes as the world's -- possibly -- largest automaker transfers nearly its entire product lineup from trucks to cars and crossovers? Admittedly, GM has nothing but an... Posted Aug 04 2008, 03:59 AM by Autoblog Filed under: GM, Plants/Manufacturing, Earnings/Financials, general motors, GeneralMotors, financials, finances