As oil prices go through the roof GM is taking it hard. Truck and SUV sales are down more then 15% while transitional car sales are only up 7%.

Continued Strikes at plants that are planned for heavy layoffs or closings have hurt the company with an estimated 2 Billion dollar loss so far through the first half of 2008.

GM Stock hit a 52 week low of $16.87 with just over 30 million of its 566 million shares traded.