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GM Records Its Highest Profit Ever: $7.6 Billion
GM Records Its Highest Profit Ever: $7.6 Billion
General Motors earned its highest profit ever last year.
The 103-year-old company made $7.6 billion in 2011, up 62 percent from 2010.
North America led the way with a $7.2 billion pretax profit. But problems surfaced that could hurt future earnings. GM lost $700 million before taxes in Europe, and lost $100 million in South America.
GM'S fourth-quarter profit was flat with 2010. GM earned $500 million, or 28 cents per share. Revenue rose 3 percent to $38 billion. Before one-time items, GM earned 40 cents per share
<...>
The company says union workers will get $7,000 profit-sharing checks.
http://abcnews.go.com/US/wireStory/gm-records-highest-profit-76-billion-15673961
General Motors earned its highest profit ever last year.
The 103-year-old company made $7.6 billion in 2011, up 62 percent from 2010.
North America led the way with a $7.2 billion pretax profit. But problems surfaced that could hurt future earnings. GM lost $700 million before taxes in Europe, and lost $100 million in South America.
GM'S fourth-quarter profit was flat with 2010. GM earned $500 million, or 28 cents per share. Revenue rose 3 percent to $38 billion. Before one-time items, GM earned 40 cents per share
<...>
The company says union workers will get $7,000 profit-sharing checks.
http://abcnews.go.com/US/wireStory/gm-records-highest-profit-76-billion-15673961
What will Mitt say?
4 replies
= new reply since forum marked as read
= new reply since forum marked as read
Really happy for my fellow UAW union brothers and sisters.
Don
