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.
Not since Detroit absorbed California hot-rod culture have the Motor City and the Golden State embraced each other so tight. The quest to perfect self-driving cars and find innovative mobility solutions made it happen. Is this the biggest story in American business?