GM Earnings Surpass Expections

If there are still questions on whether General Motors has turned itself around financially, and whether recent recalls have affected the automaker's ability to sell vehicles, those questions may have been put to rest...at least for the time being.

The Detroit News is reporting today that GM announced third-quarter earnings today surpassing expectations.

The automaker posted earnings for the period up 98% from a year ago.  the total at $1.38 billion is said to have been bolstered by not only stronger sales in North America and China but also higher vehicle prices.

The article said some auto analysts had revised their predictions downward in light of sales slowdowns in other parts of the world.

GM also paid out money in a number of unexpected areas, including flood repairs to its Tech Center in Warren.

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