Society of Manufacturing Engineers: General Motors Quarterly Profit Falls Amid COVID-19
May 07, 2020
May 07, 2020
DEARBORN, Michigan, May 7 -- The Society of Manufacturing Engineers issued the following news release:
General Motors Co.'s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories. However, GM results were better than had been expected by financial analysts.
The Detroit-based company also said it intends to reopen the bulk of its U.S. and Canadian operations on May 18 "under extensive safety measures.&qu . . .
General Motors Co.'s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories. However, GM results were better than had been expected by financial analysts.
The Detroit-based company also said it intends to reopen the bulk of its U.S. and Canadian operations on May 18 "under extensive safety measures.&qu . . .