GM posts 800-mln-USD loss in 2nd quarter


By Xu Jing
  • World
  • Friday, 31 Jul 2020

CHICAGO, July 30 (Xinhua) -- General Motors (GM) reported a net income loss of 758 million dollars on revenue of 16.8 billion dollars in the second quarter, the U.S. automaker released its second-quarter results on its website on Wednesday.

The sales dropped 34 percent year over year in the second quarter, but demand for its profit-rich trucks remained "resilient," as retail market share for GM full-size pickups increased to 36.1 percent from 35 percent in the second quarter.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Myanmar rebel group says it withdraws from key town on Thai border
Recycled ‘zombie’ misinformation targets US voters
Fire, evacuation after Ukraine drone attacks on Russia's Smolensk, Lipetsk
Apple to hold launch event on May 7, with new iPads expected
Musk targets Australian senator, gun laws in deepening dispute over X stabbing content
Is online shopping bad for the planet?
Haiti police bolster security around palace ahead of transition
Tesla posts Q1 results with declined revenue
Argentina's Milei faces biggest protest yet as students march over budget cuts
2nd LD: Plane crashes into river in Alaska

Others Also Read