Filed under: GM, Earnings/Financials
General Motors has just announced the company's financial results for the second quarter of 2011. The automaker enjoyed its sixth consecutive quarter of profitable operation with a net income of $2.5 billion. That's an increase of 89 percent over the same period in 2010, when GM brought in $1.3 billion. Total revenue also increased over Q2 2010, up $6.2 billion to $39.4 billion. The company also reported that its EBIT adjusted was $3 billion compared to $2 billion last year. According to Dan Akerson, GM chairman and CEO, the improvements are thanks to the automaker's focus on fuel-efficient and well-designed vehicle.
It's true that the Chevrolet Cruze has seen significant success here in the U.S. over the past few months, and that momentum doesn't look to slow down anytime soon. With Chevrolet set to launch the company's new Sonic compact car as well as the redesigned Malibu, GM will be set to make advances two profitable segments throughout the remainder of the year. Click past the jump for a look at the company's brief press release.
Continue reading GM announces Q2 net income of $2.5 billion
GM announces Q2 net income of $2.5 billion originally appeared on Autoblog on Thu, 04 Aug 2011 10:58:00 EST. Please see our terms for use of feeds.
Permalink | Email this | CommentsSource: http://www.autoblog.com/2011/08/04/gm-announces-q2-net-income-of-2-5-billion/
drag race demon 2 rupaul\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s drag race
No comments:
Post a Comment