It may have been in financial ruin just a year ago, but the new General Motors is bouncing back from the mire in style.
The company announced second quarter 2010 results with revenue of $33.2billion and net income attributable to common stockholders of $1.3billion. This means that earning per share reached $2.55 and second quarter earnings before interest and tax were $2.0billion.
Business on its home turf of North America was particularly prosperous with second quarter figures of $1.6billion up from $1.2billion in quarter one. GM Europe meanwhile suffered a loss before interest and tax of $0.2billion, although this was a slight improvement on its loss of $0.3billion in quarter one.
Its cash flow reached $3.9billion from operating activities with free cash flow at $2.8billion.
