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Tuesday, February 12th, 2008GM: Profitable in North America by 2010 or 2011
Automotive News
February 12, 2008 - 7:30 am ET
UPDATED: 2/12/08 4:10 p.m. EST
GM CFO Fritz Henderson
For all of 2007, GM’s global operations reported a record net loss of $38.7 billion. But much of that came from the way GM calculated certain tax assets. When stripping away one-time charges and write-downs, GM’s worldwide automotive operations were profitable last year. GM earned $553 million in 2007, after losing $339 million in 2006.
