DETROIT, MI (WXYZ) - General Motors is manufacturing smiles today.
In announcing its first quarter profits, there was a decent gain for investors. Probably better than was expected.
The statement shows that stockholders made about 58 cents a share, or $.9 billion. The company made $36.9 billion, which is down from last year when GM reported $37.8 billion for the 1st quarter of 2012.
The company took a little hit in Europe and broke even in South America.
Still, GM Chairman and CEO Dan Akerson is upbeat: "The year is off to a solid start as we increased our global share with strong new products that are attracting customers around the world.”
Akerson goes on to say having a good product is key and adds: "With more than 40 new vehicle introductions this year globally, our focus will be on flawless launches of the vehicles that will drive results this year and into 2014.”
GM is unveiling a new Chevrolet Silverado and GMC Sierra pickups for 2014.
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
7 Action New found out that a big announcement will be made tomorrow afternoon and it’s something that could make a big impact in Detroit.
It's a horrible crime that happened at a daycare in Sterling Heights.
"You never know when God is going to claim his angels. You never know," said Andrea Williams speaking publicly for the first time since losing two of her sons in a house fire on Detroit's west side.