GM Reports Second Quarter Profit of $2.5 Billion
General Motors continues to bounce back. This time with a second quarter profit of $2.5 billion, nearly double what the Detroit automaker earned the same quarter a year earlier. If you're keeping track that's six consecutive profitable quarters. GM attributes some of the gains to pulling back incentives and rebates. The earthquake in Japan also sidelined competitors Honda and Toyota, while high gas prices drove demand for the Chevrolet Cruze.