GM posts $4 billion third-quarter profit thanks to trucks and SUVs

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General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months after losing money due to the virus outbreak. GM’s adjusted earnings were $2.83 per share, easily outpacing Wall Street’s per-share projections of $1.43, according to a survey by FactSet. The Detroit automaker joined most global automakers in reporting better-than-expected earnings from July through September as sales across the globe started to rebound from coronavirus lockdowns, especially

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GM posts $4 billion third-quarter profit thanks to trucks and SUVs originally appeared on Autoblog on Thu, 5 Nov 2020 08:23:00 EST. Please see our terms for use of feeds.

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