Tag Archives: South America

GM profits drop on weakness in Europe, South America

Earnings at GM fell 14.3 percent from the year-ago period to $1.47 billion as the company reported operating losses in both Europe and South America, but GM reported higher operating earnings in North America

By John Biers

General Motors Thursday reported lower third-quarter earnings on weakness in some international markets, but showed signs of emerging from a costly ignition-recall scandal.

Opel’s export strategy still on track despite Australia setback

Opel's export strategy still on track despite Australia setback

Opel said it will continue to seek new markets outside Europe despite pulling out of Australia a year after launching sales in the country.