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- Join Date
- Jul 2009
- Local Union
- Albuquerque, NM
- Rep Power
GM annual profit soars, 4th quarter disappoints
General Motors posted flat fourth-quarter income Thursday, but still managed to haul in $7.6 billion worth of net income in 2011, up 62 percent from the prior year.
It was the highest annual profit ever for the automaker, which emerged from bankruptcy protection in 2009 after a government-led bailout.