Gm Views Profit with Caution ; $950m Gain Seen As Key Step

Summary


DETROIT In a region battered by the loss of thousands of automotive jobs and whose primary industry has been awash in red ink, news of a $950 million fourth-quarter net profit from General Motors Corp. should have been met with a parade.

But the bad news of the past year or so has even GM reacting cautiously, with Chief Financial Officer Fritz Henderson a little reserved about saying the profit is a sign that its dark times are coming to an end.

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Gm Views Profit with Caution ; $950m Gain Seen As Key Step

"I would say no one's declaring victory, though, at this point at General Motors. No...

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