Tuesday March 31, 2020

General Motors profit plunges after recalls

General Motors has reported that second-quarter fell 85 per cent due primarily to the recalling of nearly 30 million vehicles.

24th July, 2014
GM’s net income during the quarter dropped to $190 million

General Motors has reported that its second-quarter profit fell nearly 85 per cent due primarily to the recalling of about 29 million vehicles.

GM’s net income during the quarter dropped to $190 million (to 11 cents per share), compared with $1.2 billion a year before.

A year ago GM shares were worth 75 cents.

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