With General Motors declaring its plans to re enter the stock markets of America, the CEO of firm Dan Ankerson along with his team are encouraging investors to buy the stocks of the company.

On Wednesday General Motors announced that the company has expectations to witness its third quarter’s net profits in the tune of one decimal nine billion dollars to two decimal one billion dollars making its quarterly profits three times in a row after the firm was pulled out of its bankruptcy in the last year. The last quarterly profit that the firm saw before its bankruptcy was in the year 2007.

According to the auto manufacturer, it will witness profits in its fourth quarter also at least if the amount considered to pay interest and taxes are included.

The Chief Financial Officer of the Company, Mr. Chris Liddell stated that the firm will post a handsome profitable first year following its bankruptcy.

Executives of the company will demonstrate its top investors by selling the firm’s USP i. e. improvements and they will promise the investors to fix their shortcomings.

On Wednesday GM has stated that the firm is going to sell shares of the company at a price ranging from twenty six to twenty nine dollars per share.

America will become a minority shareholder in the firm with the US Treasury giving up one third of its sixty one percent stakes in the company.

At present both Ford and GM are in the black for the financial year but just a couple of year’s back the automakers of Detroit headed towards the capital city asking for emergency aid.

Even Chrysler is on its way to put it in the black which will submit its earnings report on Monday. Chrysler however has not posted a post bankruptcy profit but it has stated that it has a god future due to the sales of its new 2011 Jeep called Grand Cherokee. The company saw a growth of two hundred and ninety one percent in its sales of SUV.