The requested resource (/media/wgvu/header/pb/header.html) is not available
Last updated 8:45AM ET
March 1, 2021
Search NewsRoom
Search NewsRoom
go
Advanced Search
Tools
Tools
Local/State News
Local/State News
EARNS-GM
(2007-03-14)
(wgvu) - GENERAL MOTORS HAS REPORTED A NET PROFIT OF $950 MILLION DOLLARS FOR THE FOURTH QUARTER OF 2006.
FOR THE FULL YEAR, G-M LOST $2 BILLION DOLLARS. THAT'S COMPARED WITH ITS RESTATED $10 BILLION-DOLLAR LOSS IN 2005.
THE FOURTH-QUARTER RESULTS INCLUDE $770 MILLION DOLLARS IN SPECIAL ITEMS FROM THE SALE OF A 51-PERCENT STAKE IN ITS FINANCIAL ARM, GENERAL MOTORS ACCEPTANCE CORPORATION. (GMAC) THE DETROIT-BASED COMPANY SAYS IT WOULD HAVE MADE $180 MILLION IN THE QUARTER WITHOUT THE SALE PROCEEDS.
---
ON THE NET:
GENERAL MOTORS CORP.: HTTP://WWW.GM.COM

(COPYRIGHT 2007 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


© Copyright 2021, wgvu