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GM makes hefty profits

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Profits of one billion dollars are smoothing the way for General Motors to make a return to the stock market, reports autohaus. The giant USA company returned to the black at the beginning of the year, and followed this up with profits of 1.3 billion dollars in the second quarter. Before it went into insolvency a year ago, GM had made losses of almost 13 billion dollars. State help prevented the company going out of business. Along with measures involving production, the GM road to recovery has involved shedding a number of American brands, and selling Swedish subsidiary Saab. Within its new model line-up, the electric Opel Ampera will be coming to Europe at the end of 2011.


17/08/2010  |  Tim Harrup
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