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Still think Detroit’s going bankrupt? Check out GM’s killer numbers

  • $4.7 billion General Motors’ posted earnings for the 2010 fiscal year
  • $7.6 billion General Motors’ posted earnings for the 2011 fiscal year source

» What a record to break! One year removed from bankruptcy, American automaker General Motors posted record-setting earnings for the 2011 fiscal year. In recent weeks/months many investors worried that GM’s overseas operations would drag down the company’s year-end totals. GM lost a total of $747 million in European markets, with $562 million of the losses occurring in the fourth quarter alone. In South America, where the company reported $818 million in earnings for 2010, GM reported a net loss of $122 million. However, not only did the company defy global expectations, GM managed to break its former $6.7 billion earnings record, set in 1996.

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February 16, 2012 // 18:39 // 2 years ago
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46 notes from really cool Tumblrs like ours. Click to read.

  1. waterman12053 reblogged this from shortformblog
  2. velvetcovered-brick reblogged this from dat-asterisk
  3. dat-asterisk reblogged this from reagan-was-a-horrible-president and added:
    Detroit != GM. Just saying…
  4. reagan-was-a-horrible-president reblogged this from shortformblog
  5. sarahlee310 reblogged this from shortformblog
  6. trailerindawoods reblogged this from shortformblog and added:
    I call bullshit! GM also does not pay any income tax on any of their porfits and it owes 6 billion bact to the tax...
  7. artguy321 reblogged this from shortformblog and added:
    Profits are soaring.
  8. alsson reblogged this from shortformblog and added:
    As we celebrate this success, we need to keep in mind that the same results or better could have been achieved without...
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  11. sugashane reblogged this from shortformblog and added:
    What I don’t get about GM’s record profits is that they are losing revenues around the globe like it was water in a...
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