GM shows 1Q profit

September 27, 2013 Updated May 18, 2010 at 8:20 AM EDT

By Business First of Buffalo - by Thomas Hartley

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GM shows 1Q profit

September 27, 2013 Updated May 18, 2010 at 8:20 AM EDT

General Motors Co., the largest manufacturer in Western New York, reported Monday that it swung to a first-quarter profit of $865 million.

For the same quarter last year, the Detroit automaker (NYSE: GM) posted a $6 billion loss.

Revenue rose to $31.5 billion from $22.4 billion.

GM's local operations include Lockport, where it employs about 1,300 workers at the former Delphi Thermal Systems site, and the Town of Tonawanda, where the company's engine plant has about 1,000 employees and is planning for a major upgrade.

Chris Liddell, GM vice chairman and chief financial officer said in the May 17 first quarter announcement that "in North America we are adding production to keep up with strong demand for new products in our four brands.

"We're also steadily growing in emerging markets, keeping our costs under control, generating positive cash flow and maintaining a strong balance sheet," he said.

Worldwide production rose to 2.1 million vehicles in the first quarter, from 1.3 million in the year-ago period. Total worldwide market share remained flat at 11.2 percent, the company said.