• $2 billion in profits for GM in the third quarter alone (*golf clap*)

Three reasons why this is good news:

• one It’s shaping up to be their first profitable year since 2004 – long before we heard anything about auto industry bailouts.
• two Most of the profits came from North America, where the company has been fairly weak in recent years. (Too many SUVs.)
• three GM has an IPO coming very soon, and a solid performance like this bodes well for their return to stocks. source

Posted by Ernie Smith • Permalink