General Motors announced on Wednesday its third quarter financial results. Earnings were down 15% compared to last year, from US$2.0 to US$1.7 billion, which equates to a US$1.03 profit per share compared to 2010’s US$1.20.
The Detroit-based automaker's earnings before interest and tax were $2.2 billion compared to last year’s $2.3 billion, despite the fact that net revenue increased by $2.6 billion compared to last year's results, to $36.7 billion.
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