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Home  >  Austin business accounting  >  General Motors loses profit in 3Q

General Motors loses profit in 3Q

Posted on Wednesday, November 9th, 2011 at 8:42 pm.

General Motors, Inc. reported a profit loss in it’s 3Q compared to last year’s revenue. The 3Q profit for the current year is $1.73 billion. GM believes that it is due to the poor sales in Europe.

One share of stock for GM is currently $1.03 per share and last year during this time it was $1.20 a share.

The automotive net income for the company was $2 billion which is down from $2.2 billion. Overall net income was up during this year’s third quarter resulting in $36.72 billion. Vehicle sales across the country increased from 2,062,000 to 2,245,000.

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