25-10-2016 14:09 via news.yahoo.com

General Motors third-quarter earnings widely beat expectations

General Motors Co reported much higher-than-expected third-quarter earnings on strong North American truck and SUV sales, blowing past fears that a U.S. market slowdown would dent profitability. GM said on Tuesday that it expected full-year results would be on the "high end" of its previous forecasts of $5.50 to $6.00 a share. Rival Ford Motor Co in July warned that a slowing U.S. auto market would put its full-year profit forecast at risk.
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