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FCA’s third-quarter profits were $640 million, down from $1.1 billion in 2017. The decline was largely due to an estimated $794-million charge stemming from diesel engine software issues. North American sales continue to bolster the company balance sheet, where the automaker had a 12.9 percent market share.
In the third quarter of 2018, GM posted a profit of $2.5 billion, compared to a loss of $3 billion during the same period in 2017, which was due to the sale of Opel/Vauxhall in Europe. Sales of all-new full-size trucks are credited with this year’s gains.
Revenue was up 3 percent in the third-quarter compared to the same period in 2017, but overall profits were down $600 million due to challenges in China. Profits from North American operations are up 8.8 percent due to strong demand for trucks and SUVs.