General Motors have announced their net loss for the first quarter of 2008, a number of $3.25 billion. The driving cause of the huge loss is believed to have come from "one-time charges for its troubled GMAC investment and for continuing problems at supplier Delphi Corp". GM also stated a loss of $800 million due to the UAW's two month strike with American Axle, that has yet to be resolved. Other troubled sectors were a $1.45 billion impairment charge with their financial agency, GMAC Financing, as well as a $731 million dollar charge for Delphi's bankruptcy issues. In the overseas economy however, GM posted a $1 billion dollar profit. Welcome to the United States economy. As reported by Autoweek.