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GM’s third-quarter positive result hides deepening problems


The No. 1 US automaker managed to post a positive result this quarter, with net income growing to $1.38 billion. But the result, aided by the strong pricing strategy in North America and record China sales also hides perpetual issues. When it comes to earnings before interest and taxes – and excluding one-off charges – the situation actually worsened compared to ...
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More General Motors articles

GM trying to move past recalls, posts high third-quarter profit
The No. 1 US automaker reported yesterday its financial situation following the July to September quarter, where growing demand for its North American models, especially pickups, has driven up the ...
GM and Ford expected to report positive third-quarter earnings
This is financial week for the largest and second-biggest US automakers, with General Motors due Thursday and Ford the next day. FCA’s Chrysler is scheduled later on, for November 5. Industry ...
GM to advise Pontiac, Saab owners against having front passengers
The largest US automaker, General Motors, plans to rally to Toyota’s request to disallow front rides in certain car models, affected by the recall campaigns stemming from the defective Takata ...
GM’s ignition switch death toll at 29
Yesterday the program designed to compensate the victims of accidents linked to GM’ ignition switch defect issued its weekly update, in which the fatalities toll has risen again, to 29. The ...
GM sees China as critical market for intelligent autos
The US automaker counts the Asian country as its largest single auto market, so there’s no surprise the company plans to bring the latest technology to China, aiming to further ...
GM’s chief counsel ready for retirement
General Motors’ top lawyer, Michael Millikin, 66, has decided to retire from his function, informing the US automaker of his decision late last week, according to the company. The chief counselor ...
GM allies with wireless carriers in US Internet neutrality battle
The wireless carriers have been entrenched in a heavy fight with regulators over upcoming stricter Internet traffic standards and General Motors is now emerging as one of their most prized ...
GM faces $10 billion lawsuit because of 27 million cars recalled
General Motors, which this year alone broke all previous recall records for the North American auto industry, is now facing a huge threat: a would-be $10 billion class action suit ...
GM’s third quarter sales climb 2%
Driven by strong customer demand in China and the United States, the world’s two biggest markets, General Motors posted a positive result during the third quarter. Worldwide sales of the largest ...



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