GM Sputters Through Latest Earnings Report
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
General Motors has engine trouble.
In its third-quarter earnings report Tuesday, the legacy carmaker announced a smidge of good news encased in a truck ton of bad news. While both net income and revenue beat analyst expectations, profits were still down 7% from a year ago, and the ongoing United Auto Workers' strike is eating away at cash flow. Oh, and its electric vehicle targets may have been wildly optimistic. And did we mention the woes of its self-driving car unit?
Source Fool.com
