General Motors (GM) has reported a net income attributable to common stockholders of $1.5bn for the second quarter of 2012 compared to $2.5bn for the same period in 2011.
For the second quarter of 2012 the company posted revenue of $37.6bn, compared to $39.4bn for the second quarter of 2011.
For the quarter earnings before interest and tax (EBIT) adjusted was $2.1bn compared to $3bn for the same period prior year.
GM chairman and CEO Dan Akerson said, "Despite the challenging environment, GM has now achieved 10 consecutive quarters of profitability, which is a milestone the company has not achieved in more than a decade."
Source:
http://manufacturing.automotive-business-review.com/news/gm-q2-net-income-down-030812
