GM records its highest profit ever: $7.6B
Quick ReadTwo years after it nearly collapsed into financial ruin, General Motors earned its largest profit ever in 2011.
Photo credit: AP | A General Motors employee works on a van assembly line at GM's plant in Wentzville, Mo., last year. General Motors Co. said Thursday, Feb. 16, 2012, it made more money in 2011 than any year in its history. (Nov. 3, 2011)
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 is a vastly different company than it was back then. It's smaller, has less debt and its...
