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GM posts strong third quarter

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General Motors made nearly $1.5 billion dollars in the third quarter. That was better than many analysts expected. 

General Motors already put most of the costs of its many recalls on the books in the first and second quarters.  So the third quarter looks much healthier by comparison. 

Strong profits in North America boosted the automaker's performance, driven by increases in truck and large SUV sales. 

The company says it achieved a record average transaction price for vehicles in North America.  Sales were strong in China, and even though the company lost money as expected in Europe, it managed to break even in South America.  

GM appears to be putting the ignition switch recall in the rear view mirror, mentioning it only briefly during a conference call.

Tracy Samilton covers energy and transportation, including the auto industry and the business response to climate change for Michigan Public. She began her career at Michigan Public as an intern, where she was promptly “bitten by the radio bug,” and never recovered.