GM Releases Non-GAAP Q3 Results

Edward Niedermeyer
by Edward Niedermeyer
gm releases non gaap q3 results

After claiming a $2b Q3 net profit last week without releasing any data, GM has just dropped some more complete numbers for the last quarter… but we’re still waiting for complete, audited, GAAP-approved numbers. In the meantime, make what you will of the limited data [.doc here]. UPDATE: TrueCar sends us complete by-brand breakdowns of GM’s incentive, market share and transaction price.

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  • Steven02 Steven02 on Nov 10, 2010

    GM is shedding 4 brands though. I am not sure how much that is worth in this scheme, or how much shedding some dealers is worth. GM is turning a profit. That is the most important thing for them as a company. It will be interesting to see going forward if GM can keep its brands growing or not. As core brands, they are doing quite well.

  • MikeAR MikeAR on Nov 10, 2010

    Take all this with a grain of salt. It is non-GAAP accounting. Think Enron and others. They cheated with GAAP but non-gap makes it easier to have funny numbers.

    • See 2 previous
    • RRocket RRocket on Nov 10, 2010

      Remember...GM could lie...they have a big IPO coming up, and the rosier it looks, they better it will be for them.

  • Buickman Buickman on Nov 10, 2010

    think Beetle Bailey, Hagar the Horrible, and Blondie, other fine comic strips.

  • Telegraph Road Telegraph Road on Nov 10, 2010

    Core brands all gained market share while lowering discounts. Very impressive.