DETROIT, MI (WTVB) – General Motors Corporation says they made $247 million in the first quarter of the year, but that figure was 88-percent lower than one year ago.
The coronavirus pandemic has forced automakers to shutter most of their factories for the past several weeks. Even so, GM’s profit was better than expected by industry analysts.
GM plans to open most of their U.S. and Canadian factories May 18, but warns second quarter revenue will likely be lower.
The company says approximately 85-percent of their dealers are selling online, with 90-percent of those offering home delivery of new vehicles.
(reporting by Rick Schremp/Alisa Zee-TTWN Media Networks Inc.)
