The profit of General Motors bottom 14 percent

The American auto giant General Motors saw its earnings slip 14 per cent to U.S. $ 865 million in the first quarter, due to losses in Europe and blotted its weak performance in North America.

GM shows a profit of 58 cents per share, compared to 60 cents per share last year.

Its adjusted earnings figure was 67 cents per share, while analysts expected a profit of 54 cents per share.

Its revenues were down 2.3 percent to U.S. $ 36.9 billion, while economists polled by FactSet predicted revenues of U.S. $ 36.6 billion.

Global sales of General Motors has improved by 3.6 percent to 2.3 million vehicles sold.

GM generates sales of U.S. $ 1.4 billion in North America in decline of 12.5 percent from last year.

Source: GM