GM Records Record Profit in 2011

February 16, 2012 Updated Feb 16, 2012 at 12:58 PM EDT

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GM Records Record Profit in 2011

February 16, 2012 Updated Feb 16, 2012 at 12:58 PM EDT

General Motors had a very profitable 2011.

According to the Detroit Free press, the automaker made a record $7.6 billion in 2011. That eclipses the previous high total of $6.7 billion established in 1997, according to the Free Press report.

“In our first full year as a public company, we grew the top and bottom lines, advanced our global market share and made strategic investments in our brands around the world,” Dan Akerson, GM chairman and CEO said in a news release. “We will build on these results as we bring more new cars, crossovers and trucks to market, and make GM a far more efficient global team.  This includes reducing our break-even level in Europe and South America and driving higher revenues around the world.”

Read the Detroit Free Press story HERE.

Read the General Motors news release HERE.