DETROIT (WKZO) -- Third quarter earnings were pegged at 698-million dollars for General Motors. The automaker said after they deducted special items they earned 45-cents a share.
GM spent 800-million dollars to repurchase 120-million shares of stock from the UAW Retiree Medical Benefits Trust. The automaker continued to show sales strength in North America where they made over 2.2-billion dollars which was up by nearly 28-percent compared to last year.
European operations improved but still reported a loss of 214-million dollars.