GM misses on first-quarter earnings
They were disappointing: adjusted EPS came in at $0.86. Wall Street expected $0.97.
Revenue was $35.7 billion, versus $37.4 billion for the same quarter in 2014.
"Our results in the first quarter provide a solid foundation to achieve our financial commitments for the year," GM CEO Mary Barra said in a statement.
Europe and South America continued to be weak markets for the automaker. The North American market, however, delivered good results for the company, which continues to endure headwinds related to its massive ignition switch recall.
GM also spent $400 million the first quarter to "change the company's business model in Russia," it said.
Turmoil in Russia and Ukraine has undermined the high hopes that Western automaker once had for this region.
In trading before the markets opened, GM shares were down over 3% from their Wednesday close of $37.
Screenshot via Yahoo Finance