GM (General Motors), Automotive giant from the United States has shown a rise in profits in the third quarter, mostly alluded to increasing sales overseas and in the nation.

The giant carmaker came up with $2 billion dollars within three months, ending September 30, as compared to a major loss recorded in 2009.

The revenues at the car firm were 434.1 billion amidst unveiling plans for a sale share of 13 billion dollars.

Compared to its main rival, Ford, GM’s profit in the third quarter was more, Ford had made $1.7 billion.

As it tries to return to profitability, GM has now reported profit in consecutive financial quarters.

In 2009, GM was looking for about $50 billion assistance from the government while undergoing protection from bankruptcy, where the government does have a stake of 60.8 percent.

Amidst this, the company has repaid about $9.5 billion to the government so far, aiming to have more repaid from a share issue soon to be offered.

In the current quarter, the carmaker recorded some very strong profits in basically all the international regions except in Europe, with a loss of $559 million being recorded. GM operates the Vauxhall and Opel brands for its businesses in Europe.

Chris Liddel, the vice chairman of the US carmaker observed that the company was still making some “significant progress” as the future beckons.

An analyst of the car industry saw General Motors as gaining from mechanisms of lower costs in manufacturing as well as profit margins on the higher side.

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