Wednesday, November 10, 2010

The General Commands Again

Returning from the brink of collapse, General Motors posts a strong quarter amid increased US auto sales. There was a time not so long ago where we were talking about how GM would put the PBGC into insolvency.

GM reported third-quarter net income of $2.16 billion today, bringing the Detroit-based automaker’s earnings this year to $4.77 billion. That tops the $4.46 billion profit by Toyota City, Japan-based Toyota in the nine months ended Sept. 30, according to data compiled by Bloomberg.

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