Autos: General Motors, net income above expectations for the second quarter

The US automotive giant General Motors does better than expected: it closed the second quarter with a net profit of 2,5 billion dollars (1,54 per share).
This is a significant leap forward compared to a year earlier: between April and June 2010 it had in fact made a net profit of 1,3 billion (0,85 dollars per share). But it is also a significantly higher figure than that forecast by auto sector analysts on the eve. As for revenues, they stood at 39,4 billion dollars against 33,2 in the second quarter of 2010. According to the top management of GM, the group's profits in the second half of this year will be slightly lower than those of the first.