GM’s $15.5bn loss, though certainly dismal, may not be the worst news in the ailing General’s second-quarter earnings report; the company’s North American quarterly revenue was $19.8 billion , down nearly $10 billion compared with the same period a year earlier. Dave Cole, Chairman of the Center for Automotive Research in Ann Arbor, Michigan, says revenue is a strong indicator of an automaker’s health because it does not contain any one-time plus or minus items.
Hector Fratty
Hector Fratty, DrivingVisionNews President and Founder has been for his entire career in automotive lighting. From 1995 to 2006, he was Valeo Lighting Systems’ chief of R&D, managing a staff of 650 engineers and technicians and a budget of over €70m. He holds 20 patents worldwide. In 2008, after 2 years’ consultancy, he initiated the launch of Driving Vision News, a news pipeline dedicated to keeping the lighting and driver assistance community informed of the latest progress and development in the industry. Hector Fratty presides over the highly‐regarded biennial VISION Congress international automotive lighting and driver assistance symposium. Hector Fratty is also a member of the ISAL steering committees.