General Motors Corp. was more profitable as a bank than an automaker during first quarter 2001. Crediting strong earnings ($431 million) at General Motors Acceptance Corp. and successful cost cutting measures, GM overcame a slowing U.S. market and losses overseas to report first quarter earnings of $225 million ($0.50 per share) — twice Wall Street projections — on revenues of $42.6 billion. Earnings exclude a $12 million gain due to a change in accounting procedures on revenues of $46.9 ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!

For pricing and subscription information please contact
Amber McLincha by email: or phone: (248) 799-2622

Current subscribers, please login or CLICK for support information.

Already registered? here.