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GM's net profit falls 11.4 percent in the first half of the year

General Motors (GM) said today that in the first half of the year it had a net profit of $ 4.268 billion, down 11.4% from the same period in 2016, after a 42% Benefits in the second quarter.

General Motors (GM) said today that it had net profits of $ 4.268 billion in the first half of the year, down 11.4 percent from the same period in 2016, After a 42% fall in second-quarter net profit.

GM's net profit for the second quarter ended June 30 was $ 1.66 billion, down 42% The same period of 2016, after recording losses of 770 million euros for the suspension of its operations in Europe.

GM has announced the sale of its European brand, Opel, to the manufacturer French PSA, which will be completed by the end of the year, and has ceased to include European operations in its earnings statements.

In the semester, GM's operations added 5,107 million in profits, an 8.5% increase.

In North America, the results were $ 6,946 million in the first half, 13.3% more than in 2016. South America GM reduced its losses from $ 182 million to $ 142 million.

And the International Operations unit, which includes the rest of the world except Europe, earned 637 million dollars GM CEO Mary Barra said in a statement the results of the semester as "very solid" and the second quarter as "strong."

Added that "we will continue to transform GM to capitalize on growth opportunities and produce even more value for our shareholders."

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