First - from Reuters:
GM posts higher-than-expected profit on strong North American demand
General Motors Co. on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.
"Clearly, high transaction prices - the new trucks and SUVs are more profitable than the ones they replace - that certainly helps," GM Chief Financial Officer Chuck Stevens said at the company's Detroit headquarters.
Second - from CNN:
GM's $1.3 billion recall cost wipes out profit
General Motors' recall crisis virtually wiped out its profit for the first three months of the year, as it said Thursday that the cost of repairing millions of vehicles would come to $1.3 billion.
The cost of the recall and some other accounting charges left the company with a profit of only $108 million in the quarter.
Depends on how you cook the books. Really happy with my Ford - glad I made the change...