GM's Baby Step to Recovery

Despite relatively good earnings, GM has much more work to do before it can claim that it is actually turning around

General Motors (GM) looks pretty good these days when you compare its performance to the huge losses reported this week by rivals Ford Motor (F) and DaimlerChrysler's (DCX) Chrysler Group. But GM's meager profits and burning cash pile show that the struggling automaker still has a long way to go before management and shareholders can start popping champagne corks.

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