UPDATE: GM still bleeding but narrows quarterly loss

General Motors has yet to cease the flow of life blood that is its losses, but it has applied some pressure to narrow the stream. The automaker reported its sixth straight quarterly loss today of $323 million, much less than the $1.3 billion they were last year. 

Despite the improvement, the loss still comes after a quarter of disappointing sales, particularly in the month of March. With gas prices heading north for the summer, sales of GM's bread and butter SUVs may suffer even further, but the improvement is promising.

To get to this point is impressive -- sales of Isuzu and Subaru, not to mention GMAC may have aided in the process, but we'll see how the rest of the year goes as GM tries to slice and dice away jobs along with other expenses.

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