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General Motors reports USD 3 bn loss in 3Q due to Opel sale

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AFP New York
General Motors reported today lower North American operating profits, but gains in other regions as a USD 5.4 billion charge connected to the Opel/Vauxhall sale led to a large quarterly loss.

The biggest US automaker reported a loss of USD 3 billion for the quarter ending September 30.

GM in March announced the sale of its European division to PSA Groupe for USD 2.3 billion.
 

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First Published: Oct 24 2017 | 6:07 PM IST

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