US-based carmaker General Motors on Thursday
posted higher operational earnings for the second quarter and noted
that it had managed to staunch its losses in the troubled European
It said adjusted earnings before interest and tax (EBIT) were 2.3 billion dollars. In the second quarter of 2012, the comparable earnings had been 2.1 billion dollars.
In Europe, where GM makes Opel and Vauxhall cars, the adjusted EBIT was a loss of 110 million dollars, sharply lower than the 394 million dollars lost one year before.
"We continue to perform well in the world's two most important markets, the US and China," said chief executive Dan Akerson in a statement. "We also made further progress in our European business."
Global revenues at the group rose 4 per cent to 39.1 billion dollars in the quarter.
Most Popular Stories
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Allstate Seeks to Invest in Minority Firms
- Stolen Cobalt-60 Recovered in Mexico
- SpaceX's Satellite Launch Is 'Game-Changer'
- White House Pushes to Extend Unemployment Benefits
- Latin Music Conference Turns 25
- First-time Jobless Claims Drop Below 300,000
- Sarmiento to Handle Greeley Latin Ops
- U.S. Growth Stayed Steady During Shutdown, Fed Says
- Calif. Likes Christie, Says Tea Party's a Drag