Losses in US profits for GM due to Opel sales upsets GM’s investors

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While GM is not willing to let go of Opel, the company will have to ring in more job cuts and pension losses in the coming years since Opel is the biggest contributor to the company’s losses in Europe. Considering GM made more money in the past one year as a whole, the people looking forward to GM’s reports for the last quarter are pretty hopeful this trend will continue.

It added market share in the U.S. while cutting discounts and took back the title of world’s largest automaker from Toyota Motor Corp.

The Opel saga is undoubtedly hurting GM’s US profits in a big way and needless to say, the investors are not too happy about it.

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