GM Holden, General Motors’ Australian subsidiary, is reporting a A$112 million ($117.7 million) profit for 2010 after five years of losses totaling A$573 million ($602.3 million). The turnaround from a A$211 million ($221.8 million) loss in 2009 follows several years of challenging global economic conditions that impacted the auto maker’s sales and overall financial performance, says Holden Chief Financial Officer Mark Bernhard. “The economic climate experienced during 2008 and 2009 ...
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