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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (566668)	5/17/2010 10:44:10 AM
From: tejek	Read Replies (1) of 1579788

GM reports first quarterly profit since 2007 By Steve Gelsi NEW YORK (MarketWatch) -- General Motors Co. said it swung to a first-quarter profit of $865 million, or $1.66 a share, from a loss of $6 billion, or $9.78 a share in the year ago period for its predecessor company. Revenue rose to $31.5 billion from $22.4 billion. "We're pleased with our first quarter performance, in particular achieving profitability," said Chris Liddell, vice chairman and chief financial officer. "In North America we are adding production to keep up with strong demand for new products in our four brands. We're also steadily growing in emerging markets, keeping our costs under control, generating positive cash flow and maintaining a strong balance sheet." Worldwide production rose to 2.1 million vehicles in the first quarter, from 1.3 million in the year-ago period. Total worldwide market share remained flat at 11.2%.

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