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GM Posts First Profit Since 2004

Great news for the US auto industry! For the first time since 2004, General Motors has made a full-year profit! After undergoing major restructuring in 2009, the automotive giant posted a 4-point-7 billion dollar profit in 2010.

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Toyota Named Largest Automaker

Toyota retains status as largest automaker. Despite callbacks and safety issues in millions of models around the globe, Toyota retained its title as the world’s largest automaker in 2010. The Japanese company sold 8-point-4-2 million cars last year, narrowly edging General Motors’ tally of 8-point-3-9 million. Solid growth in China and other Asian nations helped Toyota boost sales by 8-percent.

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