General Motors Report Net Income of $2.8 Billion for Q3

General Motors reported today third quarter net income of $2.8 billion, a 104% increase compared to the same period of 2015.

    Net revenue for the period was $42.8 billion, a 10% Y-o-Y increase. The company sold 2.4 million vehicles globally in the three months ending in September. Year-to-date the company sold 7.2 million vehicles, slightly up compared to 2015.

    "Based on its anticipated strong business results for the second half of the year, GM expects full-year earnings per diluted adjusted share at the high end of its previously-stated range of $5.50 - $6.00," the company said in a statement.