GM sees lowest Q4 net

• Source: Shanghai Daily
• [08:29 February 25 2011]
• Comments

A customer looks at a Buick at a General Motors dealership in Shanghai.

In an impressive comeback from bankruptcy, GM last year posted its first annual profit since 2004, helping the firm to repay more of the taxpayer bailout and even recapture the title of No. 1 global auto maker this year. Its net income was US$4.7 billion in 2010, fueled by strong sales in China and the United States as the global auto market began to recover. GM Thursday posted net income of US$510 million in the fourth quarter, its lowest quarterly profit of last year.