SOURCE: Industrial Info Resources

Industrial Info Resources

May 10, 2011 06:30 ET

Less Than Two Years Out of Bankruptcy, General Motors Continues Winning Ways, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 10, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- General Motors Company (NYSE:GM) (Detroit, Michigan) has shown an incredible resilience during the last two years. When the automaker entered bankruptcy protection in the summer of 2009, many thought that GM could only survive as a shadow of its former self. However, GM emerged from bankruptcy as a streamlined organization that was ready to do battle in the highly competitive automotive marketplace. GM, thus far, has not reverted to the principles that caused its demise less than two years ago; rather it has taken advantage of the fresh start it was given and has not looked back. GM has shown a profit for five straight quarters, each better than the last, culminating with the first quarter of 2011, when the automaker tripled its profits from only a year ago.

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