LET THE GOOD TIMES ROLL: GM CEO
General Motors, once a troubled company, just recorded a $2.9 billion profit, up 200% from what it made last year. This increase in profit was largely due to strong sales in the United States and China. Despite analysts’ worries that GM cannot continue its good fortune, the automaker says that it expects the rise to continue. Many were worried before the profit was reported, as GM shares were down 7% through Wednesday’s close. However, shares jumped 5% in premarket trading, alleviating those concerns. General Motors’ recent good fortune makes it very well positioned to continue to compete in the U.S. automobile industry in the years to come.