GeneralMotorsProfit

GM Records Its Highest Profit Ever: $7.6 Billion

General Motors earned its largest profit ever in 2011, two years after it nearly collapsed into financial ruin. Strong sales in the U.S. and China helped the 103-year-old carmaker turn a profit of $7.6 billion, beating its old record of $6.7 billion in 1997 during the pickup truck and SUV boom.

GM Posts Surprisingly Strong Profits

It was a surprise, in a good way: General Motors (GM) said Thursday that its second-quarter profits had nearly doubled, with revenues soaring on...