GM Reports Net Income of $1.7 Billion

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DETROIT — General Motors Co. (NYSE: GM) today announced third-quarter net income attributable to common stockholders of $1.7 billion, or $1.03 per fully diluted share. In the third quarter of 2010, GM’s net income attributable to common stockholders was $2.0 billion, or $1.20 per fully diluted share.

Net revenue increased $2.6 billion to $36.7 billion, compared with the third quarter of 2010.  Earnings before interest and tax (EBIT) adjusted was $2.2 billion, compared with $2.3 billion in the third quarter of 2010.  There were no special items in either period. 

The full text of GM’s press release (http://tinyurl.com/7lyq8wy) and supporting material have been posted to GM’s media website, and its Investor Relations website.

General Motors Co. (NYSE: GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world’s largest and fastest-growing automotive markets.  GM’s brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Daewoo, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

SOURCE General Motors

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