GM booms in second quarter -, Albany News, Weather, Sports

GM booms in second quarter

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After two years of recovering from bankruptcy protection, the General Motors Company is starting to come around.

In fact, GM's net income totaled $2.5 billion in the second quarter of this year.  That's almost double the profit of the same quarter last year.

Edwards Motors General Manager Wayne Edwards says the quality of GM has improved drastically.

Also, GM can ease off the high up front rebates because of severe earthquake-related shortages at Toyota and Honda.

"The product is better. When the product is better you have more customers coming in to look at your product. If it costs them less in the long run we don't have to offer as much up front," said Edwards.

Edwards says his business is booming.

"We've done very well. Our service has picked up. We've been able to drive more customers to the store here," said Edwards.

Another reason for GM's comeback is because of sales of its Chevrolet Cruze which was the bestselling car in America for the month of June.

"The Chevy Cruze gets 42 miles to the gallon and it's a low cot vehicle, that's what makes it stand out in the market," said Edwards.

GM has not only beefed up their low cost, fuel efficient cars, but also luxury cars. That's why Edwards says they can now compete with top of the line luxury imports.

"Once they drive our product they can tell for less money they can drive more product," said Edwards.

This is the first time since GM emerged from bankruptcy protection two years ago that all of its regions were profitable.

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