With just days to go before its anticipated initial public offering of stock, General Motors reported Wednesday that it earned $2 billion in the third quarter, its most profitable this year.
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General Motors Financial reported Tuesday its earnings nearly doubled in the third quarter compared to last year, aided by a drop in expenses.
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After reporting a $4.3 billion loss during the last half of 2009, General Motors saw two positive quarters during the first half of the the year and is expected to stay on course when it reports its latest earnings Wednesday.
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When Toyota Motor reports quarterly earnings tomorrow it will give investors the latest snapshot of how big a toll massive recalls and tepid auto sales are taking on the company’s bottom line.
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Buoyed by consumers’ increased confidence in the U.S. economy, most automakers reported higher sales of cars and trucks in the U.S. during October compared to a year ago — making it the best October in three years for the auto…