GM: Q3 net income down 7.3%
(CercleFinance.com) - General Motors (GM) has announced net earnings of $3.
06bn for Q3, down 7.3% y-o-y, despite sales rising 5.4% to $44.13bn.
Adjusted EBIT fell by 16.9% to $3.56bn.
GM nevertheless announced adjusted diluted EPS of $2.28, up 1.3%.
The group said it will reduce its fixed costs by $2bn net of depreciation and amortisation by the end of 2024.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
06bn for Q3, down 7.3% y-o-y, despite sales rising 5.4% to $44.13bn.
Adjusted EBIT fell by 16.9% to $3.56bn.
GM nevertheless announced adjusted diluted EPS of $2.28, up 1.3%.
The group said it will reduce its fixed costs by $2bn net of depreciation and amortisation by the end of 2024.
Copyright (c) 2023 CercleFinance.com. All rights reserved.