General Motors third-quarter earnings widely beat expectations
Detroit — General Motors reported much higher-than-expected third-quarter earnings on strong North American truck and SUV sales, blowing past fears that a US 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 in July warned that a slowing US vehicle market would put its full-year profit forecast at risk. GM’s results and its outlook depend primarily on strong US and Chinese economies. The company said it lost money in Europe, South America and in Asian markets outside of China.
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