Mexican Media Brands
Operating Profits Surge for GM
General Motors Co. posted an operating profit of $2.3 billion in the third quarter of 2013 compared with $1.6 billion a year earlier.
#economics
Share
General Motors Co. posted an operating profit of $2.3 billion in the third quarter of 2013 compared with $1.6 billion a year earlier. Revenue advanced 4% to $39 billion.
The company's international operations—primarily its Asian business—plummeted 70% to $299 million, as profits in China were offset by recall expenses in India and unfavorable exchange rates.
GM slashed its quarterly pretax loss in Europe to $214 million from $487 million and increased unit sales 4% to 388,000 vehicles.
In North America, the company's vehicle sales rose nearly 7% to 808,000 units, and EBIT jumped 28% to $2.2 billion. In South America, sales fell 4% to 273,000 units, but EBIT surged 79% to $284 million.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.