The No. 1 U.S. automaker General Motors Co posted a quarterly net loss on Tuesday caused by charges related to the sale of its Opel unit in Europe to France’s PSA Group , but excluding the charges the results beat analysts’ expectations.
Detroit-based GM posted a third-quarter net loss of $2.98 billion, or $2.03 per share, compared with a profit of $2.77 billion, or $1.71 per share a year earlier. Excluding one-time charges, the company earned $1.32 a share, above analyst expectations of $1.14.
