GM’s European operation suffered an EBIT loss of $200m in Q1 17 compared to a pre-tax loss of $6m a year ago. According to management, the weak economic environment plus weak currencies in the UK and Turkey have caused these losses. In spite of this, it sees the company ‘being on track’.
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OPEL’s loss increases considerably in Q1 17
- Published:
30 Apr 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
GM’s European operation suffered an EBIT loss of $200m in Q1 17 compared to a pre-tax loss of $6m a year ago. According to management, the weak economic environment plus weak currencies in the UK and Turkey have caused these losses. In spite of this, it sees the company ‘being on track’.