GM Makes $865 Million 1st Quarter Profit
Times had been rough for GM for awhile. This past year their numbers improved, but they were still stuck in a 10 quarter span of losses. This quarter, that bad streak has officially been broken though. Behind strong sales numbers from vehicles like the Camaro and Corvette, backed by a strengthening U.S. Economy and their own company restructuring, it appears as though GM has turned the corner and is looking to brighter pastures ahead. This $865 Million profit is a stark contrast to their same 1st quarter last year, where in the midst of company restructuring and bankruptcy, GM posted losses of $6 Billion. Of course, at that time, the Camaro had not yet been released (a major player in the improved economic situation for GM, combined with Chevrolet's Equinox , the GMC Terrain, Buick Lacrosse and Cadillac SRX sold in April at a combined rate nearly 300% over the vehicles they replaced). These vehicles have been so key, in fact, that they have accounted for more than 110,000 of the 183,614 vehicles GM sold last month.
What all of this positive economic news from GM means for us Camaro lovers and fans is a few thing: firstly, the positive economic situation means they can then reroute extra cash to developing further improvements for their vehicle line-up, such as new Camaro models (i.e. Z28 maybe!); secondly, that the Camaro is not the end-all be-all for them as it is, and they understand now in restructuring that they have to continually improve and evolve their vehicle line to make newer and greater vehicles as time progresses, and this also is a positive sign for what the Camaro's future holds. All in all, some great news for GM, GM fans, and the country in general in these positive numbers. Now, let's just hope that they keep rising!