According to a report from the Detroit Free Press, General Motors plans on releasing its annual earnings this Thursday. Expected to post a profit in the vicinity of $5.3 billion, it will be The General’s first full profitable year since 2004. At the same time, however, the company is keeping its Q4 expectations “significantly lower” than the previous three quarters of 2010.
Across the pond, GM Europe isn’t expected to share the same success as GM’s North American division. GM Europe was $1.9 billion in the red for the first nine months of 2010, with analysts hoping it will break even… at best.
Source: The Detroit Free Press