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June 18 |
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| mediaman Chairman speaks about new trends |
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June 18 |
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| Howard Johnson goes online |
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GM Europe Set For First Profit in Six Years |
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General Motors' European unit is poised to record a profit for 2006 – its first in six years.
The news delivered a boost to the troubled US carmaker which is losing market share to foreign rivals in the American market.
“It is safe to assume it will be a profitable year,” Carl-Peter Forster, the president of the unit, told the Financial Times at the North American International Auto Show in Detroit.
GM Europe, which last recorded a profit in 1999, is due to report its results on January 30. The unit reported net income of $196m in the first nine months of 2006, and accounted for a fifth of GM's total automotive revenues of $127.9bn.
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