Wednesday, October 25, 2006

GM 3rd Quarter Results in - Better than Expected
North American Operations Profitable before "special charges"


General Motors posted a net loss for the third quarter of $115 million. While that may seem bad, this time last year, GM posted a third quarter loss over a billion dollars. GM sold fewere cars, but lost less money, a sign that sales of unprofitable (e.g. fleet) cars have been reduced.

Overall, things are going in the right direction for GM.

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