US: GM reports Q1 net income of US$3.2bn

GM has reported a fifth consecutive profitable quarter, with net earnings in the January-March 2011 period amounting to US$3,151m, up from US$865m in the opening quarter of the previous year. However, special items in the latest quarter inflated net income attributable to common stockholders by US$1.48bn. Revenue in Q1 2011 totalled Subscribe to Automotive World … Continued

• By Webmaster
• May 5, 2011