In the third quarter of 2017, GM posted third-quarter losses of almost $3 billion, compared to profits of $2.8 billion during the same period in 2016. The losses were largely the result of one-time charges covering the sale of its Opel/Vauxhall brands in Europe.
Relying largely on the sales of trucks and SUVs, including the iconic F-Series trucks, Ford saw a 63 percent boost in third quarter profits compared to a year ago. The $1.6 billion in earnings came almost exclusively from North American operations.
FCA posted third quarter profits in 2017, bringing in almost $1.1 billion, an increase of some 50 percent over the same period in 2016. The third quarter followed a strong second quarter, where the automaker earned $1.4 billion, more than double the amount from the same period in 2016.
The automaker posted third-quarter earnings of $2.8 billion in 2016, more than doubling its earnings during the same period last year. The company recently partnered with the ride sharing company, Lyft. GM and Lyft have plans to test a fleet of self-driving taxis on public roads next year.
After posting $2.2 billion in third-quarter earnings a year ago (the company’s best third-quarter ever), Ford came back to earth in 2016. The company saw its third-quarter earnings drop to just $1 billion. Ford will look to rebound with sales of its popular F-Series Super Duty pickup in 2017
Last year, FCA lost $421 million in the third- quarter (mostly to cover the cost of future recalls and vehicles lost in a plant explosion in China). This year, the automaker got back on track, posting a profit of $659 million in the third-quarter.
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