Search Results for ‘earnings’

The UAW strike has cost GM quite a bit, in the end. Net income in the third quarter of 2019 fell 8.7%, as compared to a year earlier and GM said it expects the 40-day strike to reduce 2019 earnings by nearly $3 billion. The company remained optimistic, though, saying that the 40-day strike...

GM has just reported second-quarter earnings. And thanks to pickup sales and cost cuttings, net income was up 1.6 percent. That's a net income of $2.4 billion on revenues of $36.1 billion. Those revenues, though, were down 1.9 percent and earnings before interest and taxes were down 5.6 percent...

Increased tariffs on steel and aluminum mean that General Motors is expecting lower profits for the year, the company said in its second-quarter results statement earlier today. GM reported revenues of $36.8 billion in the second-quarter of 2018. That's earnings of $2.7 billion in North...

The first quarter of 2018 was never going to be a good one for GM and, indeed, net income dropped by 59% as compared to Q1 2017. The first three months of 2018 were roundly poor for GM. Earnings before interest and taxes also declined by 27%, while revenue fell by 3.1%. General Motors has long...