General submission in the first quarter of fiscal year 2010 reported net profit of US $ 900 million
General Motors today announced first quarter 2010 results, achieving revenues 315 billion, operating income of $ 12. Common shareholders net profit 9 billion, and diluted earnings per share was $ 1.66.
General Motors Corporation first quarter adjusted profit before interest and taxes, the data 17 billion has been excluding Saab sold brand brings benefits.
GM North America Inc. 2010 first quarter profit before interest and taxes, and 12 million in the fourth quarter of 2009 the company losses 34 billion in North America. General Motors Europe company profit before interest and taxes, is negative, a loss of $ 500 million, compared to the fourth quarter of 2009 the profit before interest and taxes increased by $ 300 million. General Motors international operations, the profit before interest and taxes, compared to 12 billion in the fourth quarter of 2009 increased by $ 500 million.
General Motors achieve 17 million in operating cash flow, capital expenditure dropped 7 billion, and net cash flow to $ 1 billion. Due to the first quarter, General Motors holding cash, securities, as well as third-party managed funds totaling 357 billion.
"Our company in the first quarter of strong performance, particularly the profit was very pleased," General Motors Vice Chairman and Chief Financial Officer Chris Liddell said. "In the North American market, we increase production to meet the market for the company's four core brand new product of strong demand. At the same time, we are steadily expanding business in emerging markets, ensure that the costs under control, have enough cash flow to ensure the company's financial health. These for us to build a successful General Motors, is of great significance. ”
General Motors was established in 1908. Currently, GM has established ten joint venture with over 32,000. General Motors in China import, production and sales Buick, Chevrolet, Cadillac, Opel , Wuling, liberation, and other branded products, the product series in China leads all rich multinational automobile enterprises, covers high-end sedan, multi-function station wagon, compact car, mini cars and light trucks, etc. Four months of the year 2010, GM vehicle sales in China, for a total of 836 661 units, an increase of 62.5%. General Motors and its partner SAIC group in China is the World Expo 2010 Shanghai China joint global automotive partners.