GM nets nearly $300M profit in Q1, $1.8B loss compared to Q1 of 2019

GM nets nearly $300M profit in Q1, $1.8B loss compared to Q1 of 2019

General Motors’ first-quarter net income fell 88%, but it still managed to make $247 million despite the arrival of the coronavirus pandemic.

U.S. automakers suspended production in much of the world in late March.

That cut revenue for the quarter by 6% to $32.7 billion, which was better than expected.