Bailed out by the government just three years ago, General Motors Co. has set its sights on a once-unthinkable goal: making more than $10 billion a year, the Wall St Journal reports.
It already is headed in that direction. On Feb. 16, GM is likely to report 2011 net income of about $8 billion, its highest ever, according to people who have seen the figures. Behind the gain to nearly twice 2010's $4.7 billion are growth in China and strong profits in North America, where GM has shed billions of dollars of costs and lately has been able to command higher prices….
Read all about it (and take a more than a few grains of salt beforehand) http://online.wsj.com/article/SB10001424052970204136404577204982933314566.html?mod=WSJ_business_LeadStoryCollection
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