General Motors has announced a 2007 calendar-year adjusted net loss, excluding special items, of $US23m, or $.04 per share. Including special items, the loss was $38.7bn or $68.45 a share compared to a reported loss of $2bn, or $3.50 per share in 2006 and adjusted net income of $2.2 bn, or $3.84 per share in 2006, as significantly improved automotive performance was offset by large losses at GMAC.