In the first quarter, the largest US automotive concern General Motors reduced its net profit by 60%, or 2.6 times, in annual terms due to high restructuring expenses in South Korea in the amount of almost $1 billion and a decrease in production in the US, due to planned repair of the enterprise. At the same time, adjusted operating profit of 1 dollar 43 cents per share outperformed analysts’ forecast of 1 dollar 24 cents. Revenues from continuing operations decreased by 3% to $36.1 billion with an expert forecast of 34.6 billion dollars. The US market was supplied by 715 thousand 800 GM vehicles, which is 4% more than a year earlier. In China, sales of the concern reached a record 986 thousand 52 cars.
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