For the first time in the last six years, the concern General Motors (GM) made a profit. This was told yesterday's financial report, according to which, the profit amounted to 4.67 billion for the entire 2010. At the same time, the fourth quarter brought 510 million rubles.
Such indicators do not reach the level of 1999, when the profit amounted to 6 billion. However, GM became profitable again - since 2004, the concern has steadily suffered losses. Only from 2005 to 2008, the losses amounted to more than 80 billion dollars. It got to the point where GM was forced to file for bankruptcy in 2009.
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Moreover, it even managed to exceed the predictions of analysts who promised a profit of $0.46 per share - in the distance it amounted to $0.52.
The situation was improved thanks to global restructuring. The production process was optimized, it was possible to increase sales volumes. The assistance of the American government also played a certain role in the restoration. By the way, both the government and GM itself in every possible way deny the provision of any benefits.