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baldguy

(36,649 posts) Thu Feb 16, 2012, 09:35 AM Feb 2012

GM records its highest profit ever: $7.6 billion

This discussion thread was locked as off-topic by Lone_Star_Dem (a host of the Latest Breaking News forum).

DETROIT (AP) — General Motors earned its highest profit ever last year.

The 103-year-old company made $7.6 billion in 2011, up 62 percent from 2010.

Full-year revenue rose 11 percent to $105 billion.

North America led the way with a $7.2 billion pretax profit. But problems surfaced that could hurt future earnings. GM lost $700 million before taxes in Europe and lost $100 million in South America.

GM'S fourth-quarter profit was flat with 2010. GM earned $500 million, or 28 cents per share. Revenue rose 3 percent to $38 billion. Before one-time items, GM earned 40 cents per share.

http://news.yahoo.com/gm-records-highest-profit-ever-7-6-billion-123523501.html;_ylt=AgYIGKNyG.am5zK5EcgJ6oKs0NUE;_ylu=X3oDMTNtcXJpN2ZhBG1pdANKdW1ib3Ryb24gRlAEcGtnAzVlY2YzYTc4LTg3OTctMzNjYS05MzVjLWE2Y2ViNTExZGIwMwRwb3MDMgRzZWMDanVtYm90cm9uBHZlcgNkNDRkMGNhMC01ODliLTExZTEtOWExZi0yZTFjN2UwOTYyOGY-;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

9 replies

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GM records its highest profit ever: $7.6 billion (Original Post) baldguy Feb 2012 OP

So it's a great time to stop workers pensions an put them all into a 401k mucifer Feb 2012 #1

It is amazing how profitable cutting wages and benefits can be. nineteen50 Feb 2012 #2

Yeah Greed GeorgeGist Feb 2012 #3

Spam deleted by cyberswede (MIR Team) bnfdsoi8f9dsa Feb 2012 #4

Spamalot? jpak Feb 2012 #5

No. Just a spambot. Liberal Veteran Feb 2012 #6

OUCH Mittens Thrill Feb 2012 #7

W00T! Go Detroit! JNelson6563 Feb 2012 #8

Duplicate topic Lone_Star_Dem Feb 2012 #9

mucifer

(23,596 posts)

1. So it's a great time to stop workers pensions an put them all into a 401k

Reply to baldguy (Original post)

Thu Feb 16, 2012, 09:38 AM

Feb 2012

http://fox8.com/2012/02/15/gm-moves-away-from-pension-plan-to-401k/

greedy bastards!

nineteen50

(1,187 posts)

2. It is amazing how profitable cutting wages and benefits can be.

Reply to baldguy (Original post)

Thu Feb 16, 2012, 09:49 AM

Feb 2012

GeorgeGist

(25,326 posts)

3. Yeah Greed

Reply to baldguy (Original post)

Thu Feb 16, 2012, 10:01 AM

Feb 2012

Your still the One.

Response to baldguy (Original post)

Post removed

jpak

(41,760 posts)

5. Spamalot?

Reply to Post removed (Reply #4)

Thu Feb 16, 2012, 10:27 AM

Feb 2012

yup

Liberal Veteran

(22,239 posts)

6. No. Just a spambot.

Reply to jpak (Reply #5)

Thu Feb 16, 2012, 10:39 AM

Feb 2012

The bedbugs of the internet.

Thrill

(19,178 posts)

7. OUCH Mittens

Reply to baldguy (Original post)

Thu Feb 16, 2012, 11:09 AM

Feb 2012

JNelson6563

(28,151 posts)

8. W00T! Go Detroit!

Reply to baldguy (Original post)

Thu Feb 16, 2012, 11:10 AM

Feb 2012

bin Laden is dead, GM is alive.

Lone_Star_Dem

(28,158 posts)

9. Duplicate topic

Reply to baldguy (Original post)

Thu Feb 16, 2012, 11:44 AM

Feb 2012

Original here: http://www.democraticunderground.com/101452937