Despite the loss, a turnaround seems right around the corner.
The full amount is said to be invested in various facilities.
This is the result of The General’s acquisition of the international operations of Ally Financial.
A full exit will commence anywhere between 8-11 months from now.
That’s $100 million less than the automaker made in Q1 2012.
GM will announce its first quarter earnings Thursday May 2nd. Here’s what we expect.
All of it will go towards testing facility updates.
The General revamps a legacy deal with XM and will no longer pay for the promotional period.
The plant will exclusively be a GM Powertrain facility going forward.
The German plant was scheduled to produce vehicles through 2016.
The commitment continues.
The total amount of the dividend is roughly $59.4 million.