Profits: Two-Tone

News from Detroit last week could best be described as two-tone. The darker hue was painted by General Motors: the world's largest automaker reported that first-quarter sales were off 15% from last year to $4.85 billion. Earnings as a result slipped 34.5% to $389.6 million, the poorest first-quarter profit for G.M. in five years. Balancing all that, however, were brighter prospects for the auto industry as a whole. Braced by an unexpectedly strong upturn in sales during April, auto companies have revised their production schedules for the second quarter. Altogether, 2,155,000 cars...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!