GM says earnings jump 72%, cites improving auto demand in US, China

New York (AFP) – General Motors reported a jump in third-quarter earnings Thursday as the auto giant cited strong recoveries in the US and China following a big sales hit amid the coronavirus pandemic.GM scored a 72 percent increase in profit to $4.0 billion from the year-ago period on revenues of $35.5 billion, roughly flat compared with last year’s level. The better-than-expected results showed GM’s ability to “manage the business through a global economy under severe stress,” the company said.Car sales in North America fell compared with the year-ago period, but GM said US sales increased s…

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