Fastlane

February 24, 2011

GM Announces First Full-Year Results as New Company

Today we announced out calendar year 2010 financial results, which were marked by four consecutive quarters of profitability and a net profit of $4.7 billion.

“Last year was one of foundation building,” said Dan Akerson, chairman and chief executive officer. “Particularly pleasing was that we demonstrated GM’s ability to achieve sustainable profitability near the bottom of the U.S. industry cycle, with four consecutive profitable quarters.”

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