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--New York, 17 May (reporter Wei XI) headquartered in Detroit, GM announced on 17 July for the first time in three years, it is also profitable as General Motors since last 1 June announced bankruptcy protection for the first time after the dawn of "born again" unfoldment.

In the first quarter of this year, the General earnings 8.91 billion quarter revenue increase of 40%, with more than 10 billion in cash flow. General Motors Vice Chairman and Chief Financial Officer Chris ・ RIEDEL said, "our first quarter performance, especially profitable recovery. ”

General Motors last year due to financial distress, which required large amounts of borrowing to the Government and sold under the brand, announced the launch of bankruptcy protection. Now less than half a year, common not only begin to ahead of United States and Canada Government borrowing, there is a surplus, the United States automobile industry have a field day. United States automobile industry sources said, GM is still "weathervane", this should be regarded as United States automobile industry an important sign of recovery.

General purpose says restore profitability thanks to debt bankruptcy reorganization period, as well as cost cutting, as well as strong sales of new cars ". Universal also special mention "from the fast-growing Asian and South American markets receive additional income."

With the United States automobile sales slow recovery, GM CEO Whitaker has estimated that General this fiscal year will recover profits, which may contribute to the company by the end of this year public offerings of stock, and all United States Government reimbursement from last year's $ 50 billion of assistance.

To date, the United States has paid for General and Canada total 82 million loan to the Government, the United States Government still owns universal 61% of the shares.

(The Chinese news network)