General Motors quarterly profits almost double (BBC)

[eppur_se_muova]

General Motors' quarterly profits have almost doubled after the US carmaker increased market share and pushed through price rises.

GM reported second quarter profits of $2.52bn (£1.54bn) compared with $1.3bn in the same quarter a year earlier, with revenues up 19% to $39.4bn.

The results represent the second full quarter since GM re-listed on the stock market following a restructuring.

Finance chief Dan Ammann said GM "can handle" a downturn in the US economy.

"There is an increased level of uncertainty. But what we're trying to do, and what we've done successfully, is to configure the business with a low break-even point and a strong balance sheet," Mr Ammann said.
***
more: http://www.bbc.co.uk/news/business-14408377

[tridim]

1. Damn you Obama!!!111

[Davis_X_Machina]

2. Divided support here for that bailout, BTW....