General Motors Announces Return to Profitability

GM, which emerged from bankruptcy last July, earned $865 million on revenue of $31.5 billion. A year ago, GM's predecessor company lost nearly $6 billion on revenue of only $22.4 billion, as sales plunged and the company hurtled toward bankruptcy.

GM had reported losses the two previous quarters since emerging from bankruptcy. But the profit in the first quarter was expected.

http://money.cnn.com/2010/05/17/news/companies/...