General Motors posts 891 Million Profit.


	General Motors posts 891 Million Profit.

BitDrifter

7-31-2007 1:14 PM

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tags:

profit, business, competition, gm, general motors, stocks

BitDrifter says:

Ford also posted a profit a couple of days ago. Restructuring efforts are starting to pay off, hopefully it continues.

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7-31-2007 2:46 PM

The REAL Napster

Good news. Detroit has lots of catching up though, I'm afraid.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0ce4a522-fe2a-4235-a77e-733080e84d68/C26436AD-4607-48C7-B403-8641392D7DB1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.freep.com/apps/pbcs.dll/article?AID=/20070731/BUSINESS01/70731014" href="http://www.freep.com/apps/pbcs.dll/article?AID=/20070731/BUSINESS01/70731014" style="font-size: 11px;">www.freep.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.freep.com/apps/pbcs.dll/article?AID=/20070731/BUSINESS01/70731014"><P>General Motors Corp., the largest U.S. automaker, reported an $891-million profit for the second quarter of the year, driven by strong sales in emerging global markets and reduced costs from its restructuring efforts.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.freep.com/apps/pbcs.dll/article?AID=/20070731/BUSINESS01/70731014">GM’s quarterly profit of $891 million, or $1.56 per diluted share, is an 
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or $5.98 per diluted share, in the year-ago quarter.<BR><BR>The positive results 
boosted GM’s stock 7% in pre-market trading this morning, with shares of the 
automaker trading up $2.29 a share to $34.90 about 7:50 a.m.<BR></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C26436AD-4607-48C7-B403-8641392D7DB1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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