Thursday, February 16, 2012

GM records its highest profit ever: $7.6 billion


DETROIT (AP) — General Motors earned its biggest profit ever in 2011, but signs are emerging that its momentum could slow. Strong sales in the U.S. and China helped the carmaker turn a profit of $7.6 billion, beating its old record of $6.7 billion in 1997 during the pickup and SUV boom. Yet the company lost ground in the fourth quarter. Its profit fell 8 percent and missed Wall Street expectations. Europe and South America reported losses. And sales growth in the U.S. slowed even as more Americans bought cars and trucks....see more at http://www.charter.net/news/read.php?id=17380310&ps=1014&srce=news_class&action=1&lang=en&_LT=UNLC_BUNWU00L1_UNEWS