General Motors today announced first quarter net profit of 3.2 billion U.S. dollars, or $ 1.77 per share in full, the fifth sign of a profitable quarter. Revenue rose to 4700 one million U.S. dollars to 36.2 billion U.S. dollars compared to the first quarter of 2010.
"We are on schedule, " said Dan Akerson, chairman and CEO. "GM has delivered five consecutive profitable quarter, thanks to strong customer demand for our new fuel-efficient vehicles and competitive pricing we can leverage our strong brands in the world and focus on driving profitable growth."
"GM has enormous potential for profitable growth worldwide as well as the restoration continues, "said Dan Ammann, Senior Vice President and Chief Financial Officer. "While we strongly recommend that we have more opportunities to take advantage of our scale, increasing consumption and efficiency, and optimizing our strong balance sheet."
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