General Motors has reported third-quarter profit down 12% as losses grew in Europe and as North American warranty costs cut into earnings.
The company says it earned $1.5 billion in July, August and September, down from $1.7 billion a year earlier.
General Motors earned 89 cents per share compared with $1.03 a year earlier. Revenue grew 2.5% to $37.6 billion.
The company lost $478m pretax in Europe, compared with a $292m loss a year earlier. In North America, pretax profits fell 17% to $1.8 billion.
The company predicted further European losses this year but expects to break even there by mid-decade.
