GM Q3 earnings fall 8.7%; strike to cost nearly $3 billion

Net income fell to $2.3 billion, including a $1 billion hit from the first two weeks of the UAW’s strike. GM said it expects the 40-day strike, which ended last Friday, to reduce 2019 earnings by about $2 per share, or nearly $3 billion.


Leave a Reply

Your email address will not be published. Required fields are marked *

Close Cart