Accounting errors in the very finance business that General Motors Corp. is looking to sell will add about $2 billion more onto the $8.6 billion GM had already estimated it lost in 2005.
Analysts have said that much of the new charges GM is taking on are related to its bailout of bankrupt Delphi Corp., GM's former auto parts subsidiary. The biggest reason for the increase in GM's 2005 loss was a $1.3 billion increase in the charge for its exposure relating to Delphi's Chapter 11 bankruptcy case, to $3.6 billion.
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