US: General Motors boosts Q2 net income 89% to $2.5bn
General Motors has announced second quarter net income up 89% year on year to US$2.5bn, or $1.54 per share, the restructured, post-bankruptcy automaker's sixth consecutive profitable quarter. Revenue increased $6.2bn to $39.4bn and adjusted earnings before interest and tax (EBIT) were $3bn compared with $2bn in Q2 2010. There were no special items in either period. GM Europe returned to positive adjusted EBIT, too.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable