News Snapshot:
GM Says Earnings Jump 72%, Cites Improving Auto Demand In US, China By AFP News on November 06 2020 12:23 AM 0 0 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....