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General Motors profit down by 85-percent

A General Motors dealership near Denver, Colo. Photo courtesy of the Associated Press.
A General Motors dealership near Denver, Colo. Photo courtesy of the Associated Press.

DETROIT (WKZO) -- General Motors' profit in the first quarter of the year fell dramatically compared to one year ago.

The automaker has announced that it earned 125-million dollars which was down by 86-percent when compared to 2013. GM's results did surpass a number of estimates from analysts who thought the company would lose money in the first three months of the year.

Recalls to fix a number of problems, including faulty ignition switches on over 2.5-million vehicles, cost the automaker 1.3-billion dollars.

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