AFSCME 3357-HOF'S BLOG

GM 3rd Quarter Results in - Better than Expected
North American Operations Profitable before "special charges"

General Motors posted a net loss for the third quarter of $115 million. While that may seem bad, this time last year, GM posted a third quarter loss over a billion dollars. GM sold fewere cars, but lost less money, a sign that sales of unprofitable (e.g. fleet) cars have been reduced.

Overall, things are going in the right direction for GM.