Europe drags down General Motors’ 3Q profit

By
Rocky
– November 12, 2011Posted in: Car News

This Oct. 28, 2011 photo, shows the GMC nameplate on the grille of a 2012 GMC Sierra at the 41st annual South Florida International Auto Show, in Miami Beach, Fla. General Motors said Wednesday, Nov. 9, 2011, it earned .7 billion in the third quarter, down 15 percent from a year earlier. (AP Photo/Lynne Sladky)The fragile European economy is dragging down General Motors’ profits, forcing its management to look harder for cost cuts and ways to boost revenue in the struggling region.



msnbc.com: Autos

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