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GM back in Profit

Discussion in 'Fred's House of Pancakes' started by GrumpyCabbie, May 17, 2010.

  1. GrumpyCabbie

    GrumpyCabbie Senior Member

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    Well, it appears all is well with GM as they have seen their first quarterly profit since 2007;

    BBC News - General Motors sees first quarterly profit since 2007


    Ok so a profit of $865m (£600m) is not bad compared to the loss of $6bn for the same period last year, but still a drop in the bucket of their total debt of $45bn. Still, they're going in the right direction.
     
    #1 GrumpyCabbie, May 17, 2010
  2. JimN

    JimN Let the games begin!

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    1 in a row! A recent record! Not much for R&D or debt service but probably enough for bonuses.
     
    #2 JimN, May 17, 2010
  3. bisco

    bisco cookie crumbler

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    let's see what happens when cfc is over.:cool:
     
    #3 bisco, May 17, 2010
  4. cwerdna

    cwerdna Senior Member

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    #4 cwerdna, May 19, 2010
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