GM Posts $15.5 Billion Loss in Q2 2008

General Motors today announced its financial results for the second quarter of 2008, which saw the largest U.S. automaker report a loss of $15.5 billion mainly due to plunging sales in its core North American market and the dramatic shift in consumer tastes from the very profitable large pick-up trucks and SUV segments to smaller and less lucrative passenger cars. The massive second-quarter loss