October was a banner month for GM and Ford sales. General Motors and Ford Motor Co. both posted large profits thanks to strong October auto sales. The adjusted sales rate for October was in the double digits, and domestic automakers are reaping huge benefits. The initial public offering for GM stock is inching closer still, Read on! →

General Motors’ financial recovery has continued in a big way through the first quarter of 2011, reports the Detroit Free Press. The automaker made $3.2 billion in profit over the past three months, capping its fifth straight profitable quarter and exceeding the average analyst prediction of $1.6 billion. GM profits included $1.5 billion resulting from Read on! →