Rus News Journal

GM for the first time since 2004 has shown profit

Despite payment of a debt to the authorities

the Largest motor-car manufacturer of the USA of General Motors has managed to please the investors with excellent financial results following the results of the fourth quarter and all 2010. Left in 2009 from procedure of bankruptcy the company has seriously strengthened the business in the house market, without forgetting to pay a debt to the American authorities regularly thus.

Net profit GM following the results of 2010 has made 4,67 mlrd dollars is the best result since 1999 (6 mlrd dollars) . To show so iridescent financial indicators the company has managed at the expense of doubtless successes in home market - Cadillacs SRX and Buick Lacrosse became leaders of sales here Chevrolet Equinox. At present the company occupies approximately 19,3 % of the American market of cars. Average cost of production GM got in the USA has grown for a year on 14 %, to 33,8 thousand dollars As a whole on the world of sale GM have grown on 21 % and have made 135,6 mlrd dollars

the Most pleasant is that fact that we could show possibility to earn almost in the very bottom an industrial cycle in the USA, and profitable there were all four quarters of the past year - chief executive GM of Deniel Akerson has declared.

within the past year the company has returned to the Treasury Department of the US from above 13 mlrd dollars, and also has reduced the pension obligations on 6 mlrd dollars Despite huge financial expenses, management GM has not stinted indemnification to the employees. Together with announcement of quarter and annual indicators GM on pleasures has promised to pay 45 thousand workers the single award at a rate of 4300 dollars