GM chief predicts profit in 2010

01/7/2010 | Detroit Free Press

General Motors Chairman and CEO Edward Whitacre Jr. said the company is expected to produce a profit this year. The last year GM reported positive net income was 2004. "We're in business to make a profit, we're in business to pay back the taxpayer, we're in business to have an [initial public offering] and make shareholders wealthy over time," Whitacre said.

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