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Detroit – General Motors Corp. is the second U.S. automaker to report surprisingly strong results for the quarter.
GM, the No. 1 U.S. car company, posted its third consecutive profit Tuesday, passing Wall Street forecasts a week after Ford Motor Co. reported a profit when analysts expected a loss.
Excluding one-time items such as charges related to the bankruptcy of its former auto- parts subsidiary Delphi Corp., GM said it earned $2.48 a share. The consensus forecast had been a profit of $1.08 a share, according to Reuters Estimates.
