The Auto Bailout was GOOD……. GM Is Baaaaaack!

HOT OFF THE NEWSWIRE:

The GENERAL is Back!

DETROIT — General Motors said on Thursday that it earned $2.5 billion in the second quarter, a healthy 89 percent increase over its results in the period a year earlier.

G.M., the nation’s largest automaker, reported that revenue for the period increased 19 percent, to $39.4 billion.
The results were driven by strong sales in G.M.’s core North American market, where it earned $2.2 billion, up from $1.6 billion in the second quarter of 2010.

So much for the Tea Bagg’n  naysayers back in 2009 who claimed providing assistance to GM would not save the company and had no benefit to our ecomomy!

Advertisements