US: GM delivers its first annual profit since 2004

General Motors (GM) has reported its fourth consecutive quarter of profitability in the three months ending 31 December 2010, although automotive free cash flow was negative to the tune of US$2.82bn, versus positive totals in the preceding three quarters, primarily reflecting a Q4 US$4.0bn voluntary contribution to the company's US pension plans. As Subscribe to Automotive World … Continued

• By Webmaster
• February 24, 2011