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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.

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