General Motors Report First Quarterly Profit
17/05/2010
US car giant General Motors has reported its first quarterly profit in nearly three years. They have said that dramatic cost-cutting and strong sales of new models helped it make $865m (£600m) in the first three months of 2010.
Last month, it emerged the firm had repaid $8.1bn in loans it had received from the US and Canadian governments.
Sales at GM rose to $31.5bn in the first three months of the year, up from $22.4bn in the first quarter of 2009.