A quarter of universal net profit of $ 8.65 billion profit
General Electric, General Motors recently announced that General Motors in the first quarter of 2010 for 8.65 million net profit, compared with General loss of $ 59.8 billion. This is common in 2007, earnings for the first time since.
In the first quarter of this year, the United States market automotive demand recovery and a surge in Chinese market demand stimulation, General Motors global yield an increase of almost 57%; global sales reached 200 million units, an increase of 23%.
Benefit from the increased demand and increased production, the first quarter of this year, General Motors, revenue grew by 40%, to $ 314.8. As of the end of the first quarter cash flow from General Motors to 357 billion.
General Motors CFO Chris Liddell said: "Although in the next few months the proceeds from the production expansion will be gradually reduced, but there is still a very General Motors hopes in 2010 annual profits. "But Liddell did not disclose specific expectations.
Mentioned common IPO timetable, Liddell said, when the universal itself and the market you're prepared, universal IPO naturally occurred.