Tag Archives: GM Q3 2017 Earnings

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 , , , | Leave a comment