12 Aug, 2010
GM Reports Q2 Earnings of $1.3 Billion PROFIT
Posted by: admin In: Main ()
Great news, GM has reported 2nd quarter net income (profit) of $1.3 billion, on total revenue of $33.2 billion!
While this is not directly Camaro related news, but the hot selling Camaro no doubt accounts for a portion of these strong earnings numbers. Also, the sound financial health of GM affects all us Camaro fanatics as better financial health positively affects funding for all GM car development, including future 5th generation Camaro facelifts and updates, a Camaro Z28 model, and future generation Camaros.
Also coming from GM is news that Ed Whitacre is stepping down as GM CEO effective Sept. 1. Daniel Akerson, member of GM’s current board, will replace Whitacre. Akerson will also replace Whitacre as Chairman effective December 31.
Read more on this story at the following LINK