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GM Posts 1Q Profits

By Scott Sarvay
By Maureen Mespell
May 3, 2012 Updated May 3, 2012 at 8:26 PM EDT

DETROIT (Indiana’s NewsCenter) - GM posted a profit of $1 billion in the first quarter, beating Wall Street’s expectations on strong demand in its key North American market.

GM believes its North American results will be a match in the second and third quarters.

Last year, GM offered heavy consumer incentives to drive sales in the U.S. market, something it did not do this year.

The No. 1 U.S. automaker reported a profit of 93 cents per share.

Analysts, on average, expected GM to earn 85 cents per share, according to Thomson Reuters I/B/E/S.



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