GM Rebound

Looks like car companies in general are making a comeback. GM has now announced a $2bn net profit as domestic and international sales rise.

"US automotive giant General Motors (GM) has returned to third quarter profitability, fuelled by a rise in sales both in the US and overseas.

The carmaker made a net profit of $2bn (£1.2bn) in the three months to 30 September, compared with a loss a year earlier.

Revenues at the firm, which last week unveiled plans for a $13bn share sale, totalled $34.1bn.

GM's third quarter profit was higher than rival Ford's $1.7bn."

Is this the turn around that the economy needs?