GM’s net income falls 52.7% in 3d quarter

Oct 31, 2013 | 10:58 AM | Corinna Petry

Tags  General Motors, quarterly earnings, vehicle sales, share repurchase, Daniel Akerson, Daniel Amman, Corinna Petry

CHICAGO — General Motors Co.’s third-quarter net income fell 52.7 percent to $698 million from nearly $1.48 billion in the same period last year despite a 3.7-percent increase in sales to $39 billion.

Net income was impacted by cumulative dividends on preferred stock and a charge related to the repurchase of 120 million shares of preferred stock, the Detroit-based automaker said.....

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