Monday, February 13, 2012

General Motors might report a record profit

General Motors might report a record profit

GM employees of Maurice Vauss checks the fit and eco finish one Chevy Malibu 2013.

By staff

Only three years after the automaker is in the bankruptcy driving government-run, require a massive bailout by the taxpayer-funded to keep in business, General Motors his sights on more than $10 billion per year, according to a report in the Wall Street Journal.

The newspaper reported that GM is already on the way to achieve this goal, citing company sources the magazine said seen have, that the company in the fourth quarter 2011 results, which will be reported next week. GM is net profit of around $8 billion, the highest ever, and almost twice the previous year's $ 4.7 billion figure, the newspaper said.

Growth in China and strong profits in North America, where GM has to shed billions of dollars in costs and was capable of higher prices, command is the improved quarterly profit, reported the magazine.

On top of the quarterly gain, GM also to his Gewinnspanne--the part of revenue left after the payment of Aufwendungen--currently 6 percent to 10 percent in the next few years, Daniel Ammann, chief financial officer, said the magazine. It would be the highest profit margin in the automotive industry.

In the year 2009 billion of dollars to lose before dying out, GM had to take a rescue by the Government of about $50 billion and go through a Government run bankruptcy.

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