GM: The debt-sold last year to two billion dollars profit in 3Q


U.S. car manufacturer General Motors has failed to pass on profits in the third quarter, a year after he came out of bankruptcy protection, estimating for 2010 the company first hit of the last seven years.

Net income for the largest U.S. car manufacturer was $ 2 billion in July-September 2010, after having recorded a revenue increase North American market for the third consecutive quarter.

Profit for the third quarter, in line with analysts’ expectations, the results exceeded the $ 1.7 billion rival Ford. The third largest U.S. manufacturer, Chrysler reported a loss of 84 million dollars.

GM went bankrupt in July last year, after being supported by government funds about 50 billion dollars. From 2004 until now, the company accounted for losses of 88 billion dollars.

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Posted by P.Jeanelle on Nov 10 2010. Filed under Featured News, Industry. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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