02-16-2012, 06:00 PM
http://www.nytimes.com/2012/02/17/busine....html?_r=2
"DETROIT — General Motors reported a big annual profit on Thursday, but losses in Europe dragged down fourth-quarter earnings.
The results mean G.M.’s hourly workers in the United States will receive profit-sharing checks next month of up to $7,000, an all-time high.
G.M. said it earned a quarterly profit of $472 million, or 28 cents a share, down from $510 million, or 31 cents a share, a year ago. It was the eighth-consecutive quarterly profit for the carmaker, which cleansed much of its debt in bankruptcy two years ago, but also the smallest during that stretch.
For all of 2011, G.M. earned $7.6 billion, nearly all of it from North America. That was 62 percent higher than the $4.7 billion it earned a year ago and nominally more than G.M.’s previous record of $6.7 billion in 1997 (in today’s dollars, the 1997 profit would be about $9.4 billion). "
"DETROIT — General Motors reported a big annual profit on Thursday, but losses in Europe dragged down fourth-quarter earnings.
The results mean G.M.’s hourly workers in the United States will receive profit-sharing checks next month of up to $7,000, an all-time high.
G.M. said it earned a quarterly profit of $472 million, or 28 cents a share, down from $510 million, or 31 cents a share, a year ago. It was the eighth-consecutive quarterly profit for the carmaker, which cleansed much of its debt in bankruptcy two years ago, but also the smallest during that stretch.
For all of 2011, G.M. earned $7.6 billion, nearly all of it from North America. That was 62 percent higher than the $4.7 billion it earned a year ago and nominally more than G.M.’s previous record of $6.7 billion in 1997 (in today’s dollars, the 1997 profit would be about $9.4 billion). "