You are here: Home » International » News » Companies
Business Standard

GM posts loss on $7-bn non-cash charge; margins up despite sales drop

The company noted that results had improved across all segments and that its South American business had returned to profitability

Reuters  |  Detroit 

General Motors Co on Tuesday posted better-than-expected quarterly results as cost-cutting and higher vehicle prices offset a double-digit decline in US sales volume and said it expected 2018 would be a strong year globally and in North America, sending its stock up more than 1 percent. Speaking to reporters, Chief Financial Officer Chuck Stevens said that despite recent stock market volatility due to concerns that the US economy may be overheating, the No 1 US automaker is "not overly concerned about inflation." "Our forecast is premised on ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, February 06 2018. 21:01 IST