GM reported its results from the fourth quarter of 2005, and things are not pretty. Including one-time charges, the company lost $4.8 billion ($8.45/share) on revenue of $51.2B.

The one-time charges included $2.3B for the company's health-care deal with the UAW and issues relating to the Delphi bankruptcy, as well as $1.3B for the restructuring that was announced back in November. Normal operating losses were $1.2B, which far exceeded analysts' expectations of $100M. GM's overseas units just missed breaking even, so the numbers basically represent the issues here in the US.

This brings GM's full-year loss for 2005 to a stunning $8.6B.

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