US automotive collosus GM have revealed their 1st quarterly profit for about 3 years.
Dramatic cost-cutting and solid sales of new models assisted the company in making $865m (£600m) in the 1st three months of this year, it reported.
This measures up with a $6bn loss for the same period a year previously.
General Motors, who came out of bankruptcy protection in July, has closed down 14 plants and lost more than 65,000 jobs in the States.
Last month, it surfaced that GM had already paid back $8.1bn (£5.2bn) in loans it received from the US & Canadian governments, however there is still $45.3bn outstanding to the US and $8.1bn to Canada.
This was money it received when the United States and Canadian governments took large stakes in the company.
We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please 