GM’s Reuss: Company ‘Back on Track’
May 18, 2010 12:58 PM, By David Cullen, Fleet Owner executive editor
DETROIT. Mark Reuss, president of GM North America, last night addressed customers, dealers and other stakeholders attending the GM Fleet & Commercial Operations (FCO) 2011 product preview here just hours after the automaker reported earning $865 million in this year’s first quarter— marking its first profit in nearly three years
DETROIT. Mark Reuss, president of GM North America, last night addressed customers, dealers and other stakeholders attending the GM Fleet & Commercial Operations (FCO) 2011 product preview here just hours after the automaker reported earning $865 million in this year’s first quarter— marking its first profit in nearly three years.
That’s a monumental improvement from the same quarter a year ago when General Motors posted a loss of almost $6 billion, just before entering bankruptcy. Revenue for Q1 2010 totaled $31.5 billion, compared to only $22.4 billion a year ago.
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