05
Nov
14:51
GM profits skyrocket on-year, electric progress continues
US Big Three auto producer GM saw an on-year surge in its third-quarter profits despite Covid-19 challenges as it continues to trumpet its goal of an all-electric future, Kallanish reports.
GM earned $4.05 billion during the quarter, up 74% from the $2.35 billion earned in Q3 2019. Revenue was almost exactly flat on-year at $35.5 billion.
“This year, and the third quarter, is a testament to GM’s resilience,” says ceo Mary Barra. &ldq…
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Anonymous
Very good overview of the weekly steel market.
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