Culture

Profit Plunge

General Motors (GM) said strikes at parts plants in Flint, Michigan, cost it US$1.2 billion in the quarter ended 30 June, and its net earnings in the quarter fell from $2.1 billion last year to $389 million this year.

General Motors (GM) said strikes at parts plants in Flint, Michigan, cost it US$1.2 billion in the quarter ended 30 June, and its net earnings in the quarter fell from $2.1 billion last year to $389 million this year.