Friday, August 5, 2011

GM announces Q2 net income of $2.5 billion

General Motors has announced its financial results for the company for the second quarter of 2011. The car manufacturer had its sixth consecutive quarter of profitability with net income of $ 2,500,000,000th This represents an increase of 89 percent over the same period in 2010, when GM made ​​$ 1.3 billion. Total sales also increased in comparison to Q2 2010, compared with $ 6.2 billion 39,400,000,000th The company also said underlying EBIT was $ 3000000000, compared with $ 2000000000 last year. According to Dan Akerson, the CEO of GM, the improvements are thanks to the auto manufacturers focus on fuel-efficient vehicles and well designed.

It is true that the Chevrolet Cruze has considerable success here in the U.S. in recent months had, and the momentum does not seem to slow down anytime soon. Chevrolet will launch with the new company, Sonic small car and the redesigned Malibu, will be GM to make progress both profitable segments for the remainder of the year. Click past the jump for a brief glance at the release of corporate news.

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