GM Posts Loss of Nearly $3 Billion


SUBMITTED BY: Presh

DATE: Oct. 24, 2017, 2:17 p.m.

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  1. General Motors Co. on Tuesday posted a net loss of nearly $3 billion in the third quarter compared a net profit of $2.8 billion a year ago, with the bottom line pulled down by hefty costs from the sale of its European business and steep cutbacks in U.S. vehicle production.

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