gm sales

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...

GM Drives Toward Profits in Growing China Market

The Chinese auto market is growing at a blistering pace despite concerns about the withdrawal of government incentive programs and the supply chain disruption from the tragic Japanese tsunami. Trefis thinks GM will be one of the main beneficiaries of this growth.

Why Wall Street Is Betting Against General Motors

Short sellers have significantly increased their bet that GM shares are going to drop: Short interest in the No.1 U.S. car company jumped 26.5% to 41.5 million shares in the two-week period that ended May 15.

GM Profit More Than Triples on Strong Sales

The U.S. automaters's first-quarter net income totaled raced to $1.77 per share -- one of its best performances since the SUV boom in the early 2000s. It was GM's fifth straight quarterly profit since late 2009, the year it emerged from bankruptcy.

Can America Get a Return On Its GM Investment?

GM filed for an IPO this week, which means that the U.S. government will soon be able to start selling off its 61% stake in the automaker. So what are the odds that the taxpayers will break even on their $42 billion gamble in General Motors, and what would it take for them to do so?

GM's Four Core Brands See a 25% Jump in July

Monthly sales at Buick, Cadillac, Chevrolet and GMC rose smartly compared with a year ago, when GM was just exiting bankruptcy. The company's new sales VP says "from our standpoint we actually see a low risk" of a double-dip recession.