Chevrolet Corvette Stingray C7 Forum - View Single Post - GM Reports Q3 2016 Income Up 104%, $2.8 Billion

*DGthe3* · 10-25-2016, 11:34 AM

Makes sense to me. They had the ignition switch payout in Q3 of last year. That made for a massive hit to their profits, but things have stayed fairly steady since then. So without a big ticket item like that on the books, profits go up enormously.

10-25-2016, 11:34 AM	#3
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	Makes sense to me. They had the ignition switch payout in Q3 of last year. That made for a massive hit to their profits, but things have stayed fairly steady since then. So without a big ticket item like that on the books, profits go up enormously. __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum