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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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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Stock in Ford hit levels not seen since the summer of 2004 Thursday, a day after the Dearborn, Mich., automaker reported solid sales for the month of October. The stock rose as much as 4.3% to $15.83 a share in morning trading …
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…
Buoyed by stronger demand for pickups and crossover, GM said today that October sales increased 3.5% compared to a year ago. Excluding its discontinued brands, sales of Buick, Cadillac, GMC and Chevrolet models rose 13% for the…