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 ninth annual Make a Difference food drive is underway. Full Story
Image1 The Richland County Clerk of Court auto title office will close Wednesday, Oct. 29, at 2:30 p.m. It will be closed all day Thursday, Oct. 30. The office will reopen Friday, Oct. 31 at 8 a.m. Full Story
 
Image1 An explosion rocks Major Metals Company outside of Bellville Thursday afternoon. Full Story
Image1 Standing room only at Lexington School's Board of Education meeting Wednesday night. Full Story
  MORE NEWS
 

Lex Teachers Make a Statement at Board Meeting

Richland Newhope Honors Local Businesses And Employees

Congressman Jordan Watches Ebola Patient Care Preparations

Newhope superintendent named interim Crawford DD leader

Family Life Counseling Opens Office In Shelby

Benefit will be held for woman in need of lung transplant

More News