GM first-quarter profits slip, though tariffs had only 'minor' impact

Business

Gm First-Quarter Profits Slip, Though Tariffs Had Only 'Minor' Impact

By Detroit Free Press

GM's net profit slid 6.6% to $2.7 billion. GM reported Q1 equity income from China at a $45 million profit, compared with a $106 million loss last year. A foreign exchange headwind of $300 million from weakness in Mexican peso also impacted the Detro ...Read more