General Motors is the third car company this week to post strong third quarter global profits despite admitting it would make losses in Europe of up to $1.8bn (£1.11bn) this year.
The company said it was targeting a return to break-even levels in its European operations by mid-decade. GM’s third-quarter net income was to $1.48bn (£920m), down from $1.74bn (£1.08bn) a year earlier while revenue rose $100m to $36.7bn (£22.78bn). GM said it expected a full-year operating loss of up to $1.8bn (£1.11bn) in Europe, depending on…
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