DETROIT, Oct. 24, 2017 /PRNewswire/ -- General Motors
Co. (NYSE: GM) today announced solid third-quarter performance in
all operating segments driven by robust results in North America and China, solid improvement in South America, continued growth of GM
Financial and an intense focus on costs.
Third-quarter 2017 highlights:
- Income from continuing operations impacted by $2.3 billion non-cash charge related to deferred
tax assets no longer realizable due to Opel/Vauxhall sale
- EPS-diluted of $0.08 and EPS
diluted-adj. of $1.32, from
continuing operations
- Achieved first profitable quarter in all business segments,
including South America, since Q4
2014
- GMF posted record revenues of $3.2
billion
For complete details and to see reconciliations of non-GAAP
measures to their most directly comparable GAAP measures, click
here to download the full press release, or visit the GM Investor
Relations website.
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(Note: All
comparisons are year-over-year versus Q3 2016)
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Investor analyst conference call
GM Chairman and CEO Mary Barra
and Executive Vice President and CFO Chuck
Stevens will host a conference call for investor analysts at
9 a.m. EDT today to discuss
third-quarter business results. The call will include introductory
remarks followed by a question and answer session for analysts.
Journalists who wish to listen to the call may dial in using the
following numbers:
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United
States:
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1-888-808-8618
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International:
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+1-949-484-0645
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Name of
Call:
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GM Earnings
Call
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General Motors Co. (NYSE: GM, TSX: GMM), its
subsidiaries and joint venture entities produce and sell vehicles
under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang
and Wuling brands. GM has leadership positions in several of the
world's most significant automotive markets and is
committed to lead the future of personal mobility. More information
on the company and its subsidiaries, including OnStar, a global
leader in vehicle safety, security and information services, can be
found at http://www.gm.com.
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SOURCE General Motors