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

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.