General Motors reports $3 bn loss in 3Q due to Opel sale charge
US flag
New York - Muslimchronicle
General Motors reported Tuesday lower North American operating profits, but gains in other regions as a $5.4 billion charge connected to the Opel/Vauxhall sale led to a large quarterly loss.
The biggest US automaker reported a loss of $3 billion for the quarter ending September 30. GM in March announced the sale of its European division to PSA Groupe for $2.3 billion.
source: AFP
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