UPDATE 1-GM expects Q3 net income up to $2.1 billion

* Q3 net income range of $1.9 billion to $2.1 billion

* Q3 revenue of about $34 billion

* GM shareholders approve 3-for-1 stock split

DETROIT, Nov 3 (BestGrowthStock) – General Motors Co [GM.UL] said
on Wednesday it expects to report third-quarter earnings up to
$2.1 billion and would report a profit for the full year.

GM, which announced the pricing of its initial public
offering on Wednesday, also said shareholders approved a
3-for-1 stock split. [ID:nWEN2481]

“We will deliver a solid and profitable first year
post-bankruptcy, and we are continuing to improve our balance
sheet and most importantly, the quality of our vehicles,” Chief
Financial Officer Chris Liddell said in a statement.

GM expects to report earnings before interest and tax of
$2.2 billion to $2.4 billion for the third quarter.

Fourth-quarter earnings before interest and tax will be
significantly lower than the first three quarters of the year
because of different production schedules, costs for
introducing its Chevy Cruze small car and electric Chevy Volt
and increased engineering spending for future products, GM
said.

GM plans to release third-quarter results one week from
today.
(Reporting by David Bailey. Editing by Robert MacMillan)

UPDATE 1-GM expects Q3 net income up to $2.1 billion