General Motors Co., the largest U.S. automaker, rose the most in eight weeks after posting a third- quarter profit that beat estimates as demand for redesigned pickups and other models in North America made up for losses in Europe and in Asia outside of China.
The U.S. auto market is poised for a fifth straight year of growth for just the second time since World War II. The recovery from the recession has been so robust that the debate is now whether sales will reach 2000’s record levels -- and whether that would even be a good thing.
Mark Reuss remembers the day, 20 years ago, when his father’s career was blindsided. Reuss had a tuxedo hanging in his car to wear that night to a long-planned event honoring his father’s 35-year career at General Motors Corp. when his mother called.
General Motors Co. , the largest U.S. automaker, may report $1.74 billion in net income for the three months ended in March as rising sales in the U.S. and China helped the company to its best first quarter since 2000.
General Motors Co. Chief Executive Officer Dan Akerson, having decided to keep the company’s German Opel unit, will come under greater pressure to cut production and employees in Europe as losses continue to pile up.