GM income has increase 62 percent to $7.6 billion for year end 2011. The increase in income is mainly attributed to increase in sales of cars and trucks and the increase in average price which brought in an additional $800 million in sales
The company expects 2012 sales to be higher than 2011 with about $150 billion in global sales
GM got reorganzied during the financial crisis with a $50 billion loan from the Federal Government and filed for bankrupty in 2009
The U.S taxpayers still ownes about one third stake in GM
Moving forward, GM expects net income to be negetively affected by the trend of car buyers preferring small, lower margin cars rather than lucrative trucks like the Chevrolet Silverado
Car buyers with bad credit or subprime credit score can apply for auto loans at Ally Bank, formerly known as GMAC, the auto loan unit of GM, which offers subprime loans on GM vehicles such as Buick, Cadillac, Chevrolet, and GMC; Chrysler Group brand family vehicles: Chrysler, Dodge, Jeep®, and Ram; Maserati, Saab, and Suzuki
