General Motors posts first full-year profit since 2004 - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 6 Old 02-24-2011, 06:00 AM Thread Starter
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General Motors posts first full-year profit since 2004

General Motors Co. earned $4.7 billion last year, its first full-year profit since 2004, providing further evidence the automaker's quick 40-day run through bankruptcy has produced a smaller, more streamlined company capable of earning big profits.

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post #2 of 6 Old 02-24-2011, 06:41 AM
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Sure hope so after eliminated all their liabilities. Really nothing to be proud of here.

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post #3 of 6 Old 02-24-2011, 07:54 AM
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I hate that they brought up 2004. It's as if they think it's the same company.



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post #4 of 6 Old 02-24-2011, 07:58 AM
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I don't think any company needs to have that BIG of a Profit, That's Crazy..


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post #5 of 6 Old 02-24-2011, 08:03 AM
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Quote:
Originally Posted by Kunk1963 View Post
I don't think any company needs to have that BIG of a Profit, That's Crazy..
I disagree but I do think they should have paid down more obligations instead of showing so much profit. I can't believe they plan on paying bonuses to white collar managers between 10 to 25% of their salary. Way too soon.....



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post #6 of 6 Old 02-24-2011, 08:07 AM
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Exactly.... Just like the other thread about GM Pulling the Incentives on the Verts???? To me they R being a little to GREEDY!!!!!


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