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GM posts strong third quarter

Oct 23, 2014

General Motors HQ in Detroit
Credit Wikimedia

General Motors made nearly $1.5 billion dollars in the third quarter. That was better than many analysts expected. 

General Motors already put most of the costs of its many recalls on the books in the first and second quarters.  So the third quarter looks much healthier by comparison. 

Strong profits in North America boosted the automaker's performance, driven by increases in truck and large SUV sales. 

The company says it achieved a record average transaction price for vehicles in North America.  Sales were strong in China, and even though the company lost money as expected in Europe, it managed to break even in South America.  

GM appears to be putting the ignition switch recall in the rear view mirror, mentioning it only briefly during a conference call.