Tag Archives: gm q2

GM Q2 Record at $2.9 Billion with Net Income on $42.4B Revenue

Posted on 21 July 2016 by Ken Zino

The results came from China and North America with a little help from GM Financial. Continue reading →

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GM Q2 Flops with $200 Million Net Income. Stockholders Whacked with $1.2 Billion in Recall Charges

Posted on 24 July 2014 by Ken Zino

GM is taking a $900 million non-cash pre-tax special charge in Q2 for the estimated costs of future possible recalls for up to the next 10 years on 30 million GM vehicles on the road today. A special charge of $400 million was taken for the GM ignition switch compensation program. GM said this is the best estimate of the amounts that may be paid to claimants. It guess-timated the total cost could increase by approximately $200 million. Continue reading →

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