среда, 14 марта 2012 г.

GM Reports 2Q Profit of $891 Million

DETROIT - General Motors Corp. earned $891 million in the second quarter, a huge reversal from the $3.4 billion loss it posted in the same period last year and the third straight quarterly profit for the nation's largest automaker.

GM said Tuesday the latest results reflected improved sales in growing international markets.

Its results surpassed Wall Street expectations, and its shares rose 4 percent in morning trading.

"Our heavy commitment to key growth markets around the world really paid off in strong growth and earnings," Chairman and Chief Executive Rick Wagoner said in a statement.

The automaker, though, continued to lose money in its home market, …

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