Off-Topic: GM

Lake Martin Topics

(Lake Martin Specific)

111,136 messages

Updated 4/17/2024 11:03:49 PM

Off-Topic

Lakes Online Forum

83,589 messages

Updated 4/19/2024 5:02:06 PM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Lake Martin Fishing

(Lake Martin Specific)

4,169 messages

Updated 4/16/2024 3:16:57 AM

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Lake Martin SCUBA

(Lake Martin Specific)

169 messages

Updated 5/31/2023 1:39:35 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	Jim Dandy -
	Subject:	GM
	Date:	5/6/2011 1:30:53 PM

Never hurts to look a little deeper.....

General Motors Co. tripled its profit in the first quarter, helped by stronger demand but mostly because the auto maker made money off the sale of its stakes in two former subsidiaries.

Without those asset sales, GM's earnings disappointed investors and highlighted difficulties in its core North American operations and other units around the world.

GM's income rose to $3.2 billion, or $1.77 a share, from $865 million or 55 cents a share, lifted by $1.5 billion in gains on sale of holdings in Delphi Automotive LLP and Ally Financial. Without those gains, its earnings before interest and taxes rose 18% to $2 billion, and North American profit climbed just 8% to $1.3 billion, less than analysts had expected. Revenue increased 15%, to $36.2 billion, from $31.5 billion