A Mixed Outlook for GM as It Works to Complete Its Turnaround
Filed under: Earnings, General Motors, Autos
In its second quarter, General Motors (GM) beat analysts’ estimates with a profit of $1.5 billion, as losses in its much-troubled European division were less than many experts had predicted.
That wasn’t necessarily good news, though. It’s a billion dollars less than GM earned in the second quarter of last year. That’s a huge drop, and it reflects the big headwinds now facing the world’s largest car company.
Europe’s Not Getting Better Anytime Soon
GM’s profit was better than…
A Mixed Outlook for GM as It Works to Complete Its Turnaround originally appeared on DailyFinance.com on 2012-08-02T16:34:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/08/02/gm-earnings-outlook-mixed-turnaround/