General Motors reports $3 bn loss in 3Q due to Opel sale charge

GM in March announced the sale of its European division to PSA Groupe for $2.3 billion.

General Motors reported Tuesday lower North American operating profits, but gains in other regions as a $5.4 billion charge connected to the Opel/Vauxhall sale led to a large quarterly loss.

The biggest US automaker reported a loss of $3 billion for the quarter ending September 30. GM in March announced the sale of its European division to PSA Groupe for $2.3 billion.

Source:AFP