GmSales

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.

Automakers Report Strong August Sales

Fears that car buyers would stay away from dealerships in August never materialized. Instead, Americans were lured by new models, cheaper financing and the need to replace aging cars, boost August sales by 7.5%.

General Motors, Ford Sales Up in June

Gas prices have hit a sweet spot for U.S.-based automakers. They've fallen enough to spur pickup truck sales, yet remain so high that newer small...