Listen Online - Listen on Mobile Radio.com | Mobile App Info

GM Posts Two-Billion Dollar Profit

general motors 385 GM Posts Two Billion Dollar Profit

General Motors posted a third quarter profit of two-billion dollars this morning.

The automaker says the profit comes on revenue of 34-billion dollars for the quarter.  This was the third straight quarterly profit for GM, which plans on selling stock beginning on November 18th.  The initial public stock price is expected to range between 26 to 29-dollars a share.  Once the shares hit the market, the government is expected reduce its majority ownership of GM.

To learn more KXNT Morning News spoke to Jeff Gilbert from WWJ in Detroit.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live