DETROIT (WWJ) – General Motors made $7.6 billion in 2011, its best annual profit ever. For workers, that means profit sharing checks averaging $7000.
“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,” said GM CEO Dan Akerson.
Still, many Wall Street Analysts were expecting an $8 billion dollar profit. GM Chief Financial Officer Dan Ammann said the company’s turnaround wasn’t finished yet.
“This year is a year of good progress from where we were to where we want to get to,” he said. “So, we’re far from done. There’s still a lot of work to do around here.”