BofA/Merrill Lynch Downgrades General Motors (GM) to Neutral
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GM Reports Record Third-Quarter Net Income of $2.8 Billion, Up 104 Percent
October 25, 2016 7:35 AM EDTDETROIT, Oct. 25, 2016 /PRNewswire/ --Â General Motors Co. (NYSE: GM) today announced record third-quarter earnings and revenue driven by robust retail sales in the United States, strong performance in China, growth in wholesale volume and effective cost performance.
Records:
Net revenue of $42.8 billion, up 10.3 percent ROIC-adjusted of 30.6 percent, up 4.6 pointsThird-quarter records:
Net Income of $2.8 billion, up 104 percent EBIT-adjusted... More