Thursday, May 5, 2011

General Motors first quarter profit: $3.2 billion | | The Detroit News

General Motors first quarter profit: $3.2 billion | | The Detroit News

A view of the General Motors headquarters at the Renaissance Center in Detroit, Michigan is seen in this file photograph taken August 25, 2009.  According to May 3, 2011 reports, GM, Ford and Chrysler showed much faster U.S. sales growth rates in April than Toyota and most other Japanese brands, in a sign that supply disruptions as a result of Japan's March 11 earthquake are hitting Japanese manufacturers hardest. .  REUTERS/Jeff Kowalsky/Files   (UNITED STATES POLITICS - Tags: TRANSPORT BUSINESS)

It's all smiles around Detroit as the 'big three' all are showing signs of a full recovery. The car market is back, and it's back in a big way. Ford kicked off the news of a tremendous $2.6 billion dollar profit in the first three months of the year, and now GM tops that with over $3.2 billion.

The economy may not be roaring back, but this is proof that things are stimulating. Maybe it's the higher gas prices causing people to dump their gas guzzlers? Perhaps it's the need for a new vehicle, what ever the case this automotive industry is showing some serious profits now and is back on track.

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