General Motors (GM) Posts Record First Quarter Amid Stronger Results In North America, Europe

General Motors Co on Thursday reported higher-than-expected quarterly earnings, citing strong results in North America and an improved performance in Europe.

The automaker's shares were up 3.5 percent at $33.30 in early trading after rising as high as $33.68. That is still only just above their 2010 initial public offering price of $33, despite three straight quarters of record-breaking pretax profits.