Strong North American Performance Doubles GM Profits In 1st Quarter

General Motors Co.’s first-quarter net income of $1.95 billion more than doubled from a year ago and strongly exceeded analyst expectations, as the automaker Thursday reported it broke even in Europe and had improved results in all its regions.

The automaker’s earnings of $1.24 per share in the quarter, or a first quarter record $1.26 a share when adjusted for special items related to ignition switch litigation expenses, eclipsed analyst predictions that GM would earn $1 a share on flat revenue in the January-March period.

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Truthy - 4/21/2016 2:43:42 PM

+2 Boost

Good for GM. They are making great cars now and focusing on product since 2010. Well done.
Where are all the GM haters on this site that all have better ideas?

TomM - 4/21/2016 3:59:13 PM

+1 Boost

I always liked GM - I would say that they made the best automatic transmissions (I am a pro rebuilder) over the years - and for years - Mercedes and Rolls bought their air conditioner compressors. But what made General Motors was its Styling Department - when it was going good - their cars simply looked much better - and when it was not - their cars did not sell. I have always believed that styling sells cars.

In this case- GM has been abandoning selling as many cars to rental car companies as they had in the past - which not only kept the prices for their cars down - but also lowered the price for used ones - AND - it also gave a false impression of their cars - since most of these rental cars were base model strippers - that were not really representative of the actual cars sold to other consumers.

Now - GM needs to swallow the pill - and get rid of DeNysschen.