GM Turns a Profit

2010 Chevrolet Camaro Indy 500 pace car (c) General MotorsIt’s always fashionable to show up in black.  After some 3 years of wearing red, General Motors announced a net profit of $865 million on $31.5 billion in revenues.  Remember, The General is currently a privately-held company, the U.S. Treasury holds a 61% stake.  If you could buy stock that works out to $1.66 a share, a dramic shift from a year ago.

Here are 3 links to stories that sum the situation up well.

The Detroit Bureau- GM turns 865M profit .

Detroit Free Press- Government could get all of GM money back.

Detroit News- Too Early for GM to Party.

Comments are closed.