USA: General Motors third quarter automotive operations profits less than 10% of Q3 2002
General Motors on the whole today surged back into third-quarter black ink as it reported net income of $US425 million, or $0.79 per share for the third quarter of 2003, compared with a net loss of $804 million, or $1.42 a share, in the third quarter of 2002. Total net sales and revenues increased 5.4% to $45.9 billion. However, global automotive operations profits fell from $368 million in Q3 2002, to just $34 million for the quarter this year.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable