Daily Business News
Wednesday, October 25, 2006
  GM posts profit but tough part of recovery looms (Reuters)

A General Motors employee assembles Chevrolet Impalas on the production line in Oshawa Canada August 21 2006. GM on Wednesday posted a stronger-than-expected quarterly operating profit citing progress in its turnaround plan. (J.P. Moczulski/Reuters)Reuters - General Motors Corp. on Wednesday posted operating earnings at the high end of Wall Street expectations but wary investors sent the stock down more than 4 percent on expectations that the easiest part of the automaker's turnaround was nearing an end.


 
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