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Tag Archives: GM Sales Q3
Q3 – GM Lost $3 Billion Net, Takes $5.4B Charge for Opel Sale
GM posted its first profitable quarter in all business segments, including South America, since Q4 2014. However, income from continuing operations was hurt by a $2.3 billion non-cash charge for deferred tax assets that are no longer realizable due to Opel/Vauxhall sale. In total the Opel sale cost GM stockholders $5.4 billion. Continue reading
Posted in auto news
Tagged autoinformed.com, GM Q3 2017 Earnings, GM Sales Q3, Ken Zino
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