SOURCE: Industrial Info Resources

Industrial Info Resources

February 25, 2011 07:40 ET

GM Posts First Profitable Year Since 2004, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 25, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The tide certainly has turned for General Motors Company (NYSE:GM) (Detroit, Michigan). Only 18 months after filing for bankruptcy protection, the largest automaker in the U.S. has made an almost miraculous comeback from the edge of total collapse. Thanks to $49.5 billion in governmental bailout cash, GM has managed to not only remain in business but has made a triumphant return to Wall Street and has retaken the top spot in U.S. sales. The automaker's reversal culminated with a return to profitability, as GM announced that 2010 was its first profitable year since 2004.

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