General Motors has announced third quarter results to 30 September, posting a US$2bn profit on revenue of US$34.1bn and is estimating full-year profits.

Earnings before interest and tax (EBIT) were US$2.3bn, while net cash flow from operating activities was US$2.6bn.

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“As demonstrated by our third consecutive quarter of profitability and positive cash flow, these results continue our significant progress,” said GM vice chairman and CFO Chris Liddell.

GM North America had EBIT in the third quarter 2010 of US$2.1bn, up from US$1.6bn in the second quarter, but GM Europe had a loss before interest and taxes of US$0.6bn, down from a loss of $0.2bn in the second quarter.

GM International Operations posted EBIT of US$0.6bn, down from US$0.7bn in the second quarter.

GM expects to also report positive EBIT for the fourth quarter, albeit at a significantly lower run rate than each of the first three quarters and profitable year-end results for calendar year 2010.

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