GM reports decrease in North American revenue

LORDSTOWN — General Motors today reported it made $2.1 billion dollars in North America during the third quarter of 2017, down from last year’s $3.6 billion.

For every billion brought in, eligible hourly employees receive $1,000 in profit sharing.

So far this year, GM’s North American segment has brought in $9 billion, down from last year’s $9.7 billion.

Last year, up to 52,000 employees had the opportunity to receive up to $12,000 in a record profit-sharing payout.

The amount workers receive depends on how many hours they’ve worked, according to the United Auto Workers/GM agreement.

The GM Lordstown Assembly Complex employs 3,000.

Overall, the Detroit automaker reported a net loss of $3 billion compared with last year’s profit of $2.77 billion due to the sale of its Opel/Vauxhall brands in Europe.

But the North American, South American, China and other Asian segments were all profitable for GM for the first time since the fourth quarter of 2014.

For the complete story, read Wednesday's Vindicator and Vindy.com