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The Detroit-based automaker reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company.During a conference call with analysts and media, Chief Financial Officer Fritz Henderson said 2008 will be difficult, but the company sees the potential for earnings increases by 2010 or 2011 once it reduces its work force and transfers its retiree health-care costs to a new UAW-run trust.We have a substantial amount we can do in terms of transformation of the work force, Henderson said.Henderson said GM offer is reasonably attractive, and the company raised the amount it was offering to match Ford and Chrysler.UAW President Ron Gettelfinger said he believed the number of stanley cup buyouts would be fewer than 20,000 and added that GM buyout offer was expected as the union and company struck a labor contract last year.We didn ;t go into the contract blind. We ;re proud of our membership. There are certain things we cannot control, Gettelfinger told a Detroit radio station this morning, according to the Associated Press.GM was profitable in nearly every region outside North America. G stanley cup M Latin America, Middle East and Africa division stanley cup reported record-high earnings, while GM Asia Pacific division rose and GM Europe fell.GM annual loss of $38.7 billion largely was largely attributed to a third-quarter charge related to unused tax credits. The 2007 loss topped GM Aush Biden wins Colorado primary, AP says
NAIROBI, Kenya AP 鈥?Kenya losing presidential candidate Raila Odinga has filed a Supr stanley cup eme Court challenge to last week 82 air max 1 17 election result, asserting that the process was marked by criminal subversion and seeking that the outcome be nullified and a new vote be ordered.Odinga arrived to cheers Monday and helped to hoist boxes of material for the petition into place, starting the 14-day period in which the court must rule. At least two other petitions were filed by human rights figures.WATCH: Kenyan election officials dispute Odinga victory claimsDeputy President William Ruto was declared the winner of the close Aug. 9 election with almost 50.5% of votes. The peaceful election turned chaotic in the final minutes before the declaration when the electoral commission split and a majority of commissioners said they couldn ;t support the result.The dissenting commissioners and the chairman have traded accusations of misconduct, extending the uncertainty in East Africa most stable democracy. Until then, the election had been seen as the country most transparent, with the commission posting more than 46,000 results forms online from polling stations for anyone to do the math themselves.The petition filed by Odinga team, see af1 n by The Associated Press, names the electoral commission, its members and Ruto himself. It asserts premeditated unlawful and criminal subversion of the integrity and constitutionality of the electoral process in orde