General Motors announced that its first quarter results were the biggest since 2000. For the first time since 2004, Ford Motor and Chrysler Group are also in the black simutaneously.
Only two years ago, federal bailouts were needed for GM and Chrysler.
In the first quarter 2011, GM earned $3.2 billion. A large part of this profit was made with sales of GM´s interests in Delphi Automotive and Ally Financial´s preferred stock.
Excluding those special profits, GM still shows a profit of $1.9 billion (95 cents/share), which is the biggest profit since the second quarter of 2000, where they gained $1.8 billion.