Ford Motor Co. posted a loss of dollar8.7 billion in the second quarter, and General Motors Corp. (GM) reported a dollar15.5 billion loss over the same period. Chrysler LLC is a privately owned company and does not have to report its results, but Chrysler's U.S. sales are down 22percent so far this year, more than double the decline seen by the rest of the industry. The three companies are pushing hard for billions of dollars in low-cost government loans to retool their operations to produce smaller vehicles and hybrid and electric cars. The Big Three see their locations in the battleground states in the presidential election as being advantageous.
展开▼
