Next week, General Motors Company will release its first earnings statement since it came out of bankruptcy court on July 10. The announcement on the company’s third-quarter earnings will be made Monday Nov. 16 at 7 a.m. eastern time.
The Detroit automaker has been operating on $50 billion in government loans. During a press briefing on Nov. 5, CEO Fritz Henderson said that GM was on track to outperform the targets it had originally set in a plan submitted to the U.S. Treasury in April.
“I’m not going to get into whether we’re generating cash or not generating cash, but I would certainly say the situation is more stable than what the outlook was even just two months ago,” Henderson said.
– By: Stephen Calogera