“We’re pleased with our first quarter performance, in particular achieving profitability,” said Christopher P. Liddell in a statement, who is the chief financial officer. “In North America we are adding production to keep up with strong demand for new products in our four brands. We’re also steadily growing in emerging markets, keeping our costs under control, generating positive cash flow and maintaining a strong balance sheet.”
The results show the company is set to become a public company by the end of this year.
“These are all important steps we lay the foundation for a successful G.M.” said Mr. Liddell.
The return to profitably comes as G.M. repaid some of its loans from the American and Canadian governments, but not the entire $50 billion the company was provided.
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