GM sees profits hit by Europe and currency
3rd August 2012
AUTOMOTIVE giant General Motors, which this week announced a major sponsorship deal with Manchester United, has reported better-than-expected second quarter results.The Detroit-based group, owner of the Vauxhall brand, said it made a profit of $1.5bn in the three months to the end of June - down significantly on the $2.5bn it made last year - but more than had been expected.Its European division, which includes Vauxhall and Opel, reported an operating loss of $361m.Chief executive Dan Akerson said: ""We clearly have more work to d......for the full story register now for free or login below...
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