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$7.6 Billion Earned By GM In 2011
Auto maker General Motors made a huge profit in 2011.
February 17, 2012- General Motors released its earnings report for 2011 and ended the year with a profit of $7.6 billion. After the annual report was released, GM’s stock closed at $27.17. That price is the highest close for the automaker’s stock since the beginning of August last year. Analysts were pleased by the profit from the company’s North America unit even though losses were announced in both South America and Europe.
Since the...