GM’s “firm foundation” unshaken in Q1 by troubles in Russia/S America

General Motors continues to make progress on its most important areas, wrapping up what Chief Executive Mary Barra described as "solid performance", though overall results fell short of most expectations. Adjusted operating income jumped by US$300m year-on-year to US$2.1bn in Q1, though this excludes recalls. Net income for the quarter rocketed by US$800m to US$900m, though revenue fell 4.5% to US$35.71bn. Earnings per share came in at US$0.86 before special charges, short of the US$0.97 most analysts expected.