General Motors reveals record $7.6bn profits
US car company General Motors has reported record $7.6bn (£4.85bn) profits for 2011, even with large losses in its European and South American operations.
The company was facing bankruptcy two years ago, but aggressive cost cutting, a management shake-up and a government bailout helped it weather the storm.
Caroline Hepker reports from New York.
16 Feb 2012
- From the section Business