GM posts third straight quarterly profit in advance of IPO

GM, in its final financial snapshot before next week's initial public offering, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. An accelerating turnaround in North America contributed to the automaker's third straight quarterly profit; “The results of the third quarter clearly point to the amount of progress GM has made,” CEO Dan Akerson said.
Source: Autonews.com

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