General Motors Rakes In $2.5 Billion In Profit For Second Quarter

General Motors Co. announced a second quarter profit of $2.5 billion Thursday, its sixth consecutive quarter back in the black.

That was almost double what the Detroit automaker earned during the same period last year. It translated into earnings of $1.54 per share. That was significantly better than Wall Street was expecting.

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quizz - 8/4/2011 3:34:31 PM

+3 Boost

How can you not be profitable when you've gotten rid of all your debt and eliminated pension liability after the bankruptcy? With a blank slate, will GM take this money and re-invest it in R&D moving forward to stay ahead or will they make the SAME MISTAKE and pay dividends, bloat worker benefits, and 15 years from now ask for another bailout?

Lexus - 8/5/2011 1:46:13 AM

+3 Boost

Hey, I got a really great idea, how about sharing some of that profit with us hard working American Citizen who bail your sorry a$$ company when you needed to stay float. It's our tax money so should we entitle to it as well?

Shredmo - 8/5/2011 11:44:32 AM

+1 Boost

Yeah, I want my $8.33 share of that profit, lol!

Lexus - 8/5/2011 4:02:58 PM

+2 Boost

@Shredmo,

I was being Sarcastic