General Motors, which nearly collapsed from the weight of its debts two years ago before reorganizing in a government-sponsored bankruptcy, said on Thursday that it earned $4.7 billion in 2010, the most in more than a decade.
It was the first profitable year since 2004 for G.M., which became publicly traded in November, ending a string of years in which losses totaled about $90 billion...
As a result of its performance, G.M. said 45,000 union workers would receive profit-sharing checks averaging $4,300, the most ever.
Thursday, February 24, 2011
Wowza!
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