GM to Release Q3 Financial Results Next Week

All eyes are now on American manufacturer GM, who just announced it will make public the group's financial results for the third quarter of the year. Perhaps, after seeing the numbers, the automotive world will understand why GM pulled a 180 degrees turn and decided to keep Opel.

Even more so, as GM's CEO, Fritz Henderson already hinted GM's first financial report after the company exited bankruptcy will show GM is on track to reaching its target and even outperform the initial plan, submitted back in April.

“I'm not going to get into whether we're generating cash or not generating cash, but I would certainly say the situation is more stable than what the outlook was even just two months ago,” Henderson was quoted as saying by Autonews.

In the beginning of the month, Henderson was optimistic about GM repaying itsdebts to the US by 2015. Even more, the manufacturer's finances may allow it to do so prior to that date.

"Then over time the question is, 'How do you realize a return on the equity?' That is a function of how does the company perform. If we get our job done, I think the government has an excellent chance of getting a return on its investment."

As interesting as the financial results to be announced on Monday are for the Americans, Europeans will most likely be the ones scrutinizing the numbers. Especially because, unlike in the US, reports say GM may ask more money from European countries for its Opel operation.