ABJ - November 9 - General Motors Co. has announced third quarter net income attributable to common stockholders of $1.7 billion, or $1.03 per fully-diluted share. In the third quarter of 2010, GM’s net income attributable to common stockholders was higher at $2 billion, or $1.20 per fully-diluted share.

Net revenue increased $2.6 billion to $36.7 billion, compared with the third quarter of 2010. Earnings before interest and tax adjusted was $2.2 billion, compared with $2.3 billion in the third quarter of 2010.

“GM delivered a solid quarter thanks to our leadership positions in North America and China, where we have grown both sales and market share this year. But solid isn’t good enough, even in a tough global economy,” said Dan Akerson, Chairman and CEO, General Motors. “Our overall results underscore the work we have to do to leverage our scale and further improve our margins everywhere we do business.”

For the quarter, automotive cash flow from operating activities was $1.8 billion and automotive free cash flow was $300 million.

GM ended the quarter with very strong total automotive liquidity of $38.8 billion. Automotive cash and marketable securities, including Canadian Health Care Trust restricted cash, was $33 billion compared with $33.8 billion at the end of Q2 2011.