GM cuts 2018 profit forecast, says trade war hit to car sales
https://phys.org/news/2018-07-gm-profit-war-car-sales.html
The company cited a "significant" increase in commodity costs, as well as the sinking valuation of the Argentine peso and Brazilian real that have marred its sales outlook in those markets.
These two effects will add $1 billion to GM costs in 2018, the company said.
GM cuts 2018 profit forecast, says trade war hit to car sales
Jul 25, 2018, 6:16pm UTC
https://phys.org/news/2018-07-gm-profit-war-car-sales.html
> The company cited a "significant" increase in commodity costs, as well as the sinking valuation of the Argentine peso and Brazilian real that have marred its sales outlook in those markets.
> These two effects will add $1 billion to GM costs in 2018, the company said.