GM joins Ford in booking $1.2B quarterly profit

Ford isn't the only American automaker that's in the money. General Motors has just reported a second quarter income of $1.2 billion, although that number actually represents a year-to-year drop compared to Q2 2012. This drop can be chalked up to the expense behind launching a new line of full-size pickup trucks (the 2014 GMC Sierra and Chevrolet Silverado), as well as the acquisition of GM Korea. Aside from those one-time costs, GM reported a seven-percent increase in income before interest and taxes, to $2.3 billion.

Autoblog , GM joins Ford in booking $1.2B quarterly profit, GM joins Ford in booking $1.2B quarterly profit