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General Motors reports third quarter profit

DETROIT (WKZO) -- Third quarter earnings were pegged at 698-million dollars for General Motors.  The automaker said after they deducted special items they earned 45-cents a share.

GM spent 800-million dollars to repurchase 120-million shares of stock from the UAW Retiree Medical Benefits Trust.  The automaker continued to show sales strength in North America where they made over 2.2-billion dollars  which was up by nearly 28-percent compared to last year.

European operations improved but still reported a loss of 214-million dollars.