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  1. Automotive Industry & GM News
    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...
  2. Automotive Industry & GM News
    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...
  3. Automotive Industry & GM News
    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...
  4. Automotive Industry & GM News
    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...
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