DETROIT — General Motors said Monday that it earned $865 million in the first quarter, its first profit since 2007, after last year’s government-sponsored bankruptcy allowed the carmaker to wipe away many of its longstanding burdens.
G.M. said revenue was up 40 percent, to $31.5 billion, and it had positive cash flow of $1 billion.
The results show that G.M. is on track to become a public company again as soon as the fourth quarter, allowing the government to recover more of the billions of dollars it spent preventing G.M.’s collapse.
Shove this up the collective conservative ass of America. All those people wanted the US car industry to fail and hated Obama for getting the Federal Government involved.
We are Americans, not American'ts.
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