WMFD TV

Search Archive WMFD.com News

www.wmfd.com - G-M's recall crisis has taken a big chunk out of its first quarter profit. }}" />

   
 
 
General Motors Recall Costly On First Quarter Profit

Story By: Larry Stine

 

 

 
 
 
  Email Story to Friend
   
  Original Published: 4/24/2014

G-M's recall crisis has taken a big chunk out of its first quarter profit. The automaker said Thursday the cost of repairing millions of vehicles would come to $1.3-billion. Add in some accounting charges and the company was left with only $108-million in profit for the first three months of the year. Sales of G-M models have not been hurt by the recalls, revenue increased one percent and the number of vehicles sold rose two percent.

   
  MORE RECENT NEWS
 
Image1 The Measles Unified Command, involving health officials from eleven counties in North-Central Ohio, disbands after Thursday. Full Story
Image1 A man is shot in Bucyrus, and police are trying to find out how and why it happened. Full Story
 
Image1 Graham Ford of Mansfield wins a prestigious award, and the dealership is starting a winning streak. Full Story
Image1 A Butler family lives in a newly lead-free home, thanks to $46,000 in federal Healthy Homes grant funding through the Ohio Health Department. Full Story
  MORE NEWS
 

Butler Family Living In Newly Lead-Free Home

Clear Fork student awarded Rumpke Scholarship

AU appoints interim provost for 2014-15 academic year

Semi overturns on Ohio 96 and Bowman Road

Mansfield street resurfacing program

Mosquito Spraying Schedule

More News