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.
Metro Detroit’s mortgage industry, which has three of the top 12 home loan companies in the nation, can realize further growth by taking advantage of new business-friendly regulations, investing more in technology, and providing a better customer experience.
The film industry in metro Detroit, which is very much alive despite the end of sizeable state incentives that were designed to attract top-flight actors and directors, can draw big-budget production companies like Disney and Warner Bros. by building up a creative infrastructure.