GM’s First Quarter May Be Most Profitable in 11 Years on Sales
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General Motors Co., the largest U.S. automaker, may report $1.74 billion in net income for the three months ended in March as rising sales in the U.S. and China helped the company to its best first quarter since 2000.
Earnings probably rose 63 percent from $1.07 billion a year earlier, according to the average of four analysts’ estimates compiled by Bloomberg. The results, to be released tomorrow, would be the fifth straight quarterly profit for the Detroit-based automaker since emerging from bankruptcy in July 2009.