General Motors said Wednesday it eked out a $294 million profit for the first quarter despite the fallout from the coronavirus pandemic that has shuttered factories and devastated sales.
The Covid-19 outbreak cut deeply into GM’s performance, costing the largest U.S. automaker $1.4 billion before taxes during the first three months of the year. Of the top U.S.-based automakers, GM has the biggest operations in China where the pandemic originated in late December and shuttered factories beginning in late January.
