GM, maker of the Chevrolet and Cadillac brands, said net earnings in the quarter to September 30 were $2.09 billion dollars, compared to $2.16 billion a year earlier.
The figure was sharply lower than the previous quarter’s $2.50 billion.
On a fully diluted basis, earnings per share fell to $1.03 from $1.20 a year earlier.
Revenues were up to $36.7 billion from $34.1 billion.
After a strong recovery over the past year from the 2008-2009 recession and government-led rescue, GM predicted that the fourth quarter would show little change from a year earlier, “as a result of seasonal trends in North America and weakness in Europe.”
It said restructuring charges in Europe would also hit its full-year bottom line “due to deteriorating economic conditions.”