General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.
Willie G. Davidson, Senior Vice President and Chief Styling Officer at Harley-Davidson Motor Company, has been chosen to receive this year's EyesOn Design Lifetime Achievement Award presented by the Detroit Institute of Ophthalmology. Regarded as the most prestigious award in automotive design, each year's EyesOn Design Lifetime Achievement Award winner is chosen by the industry's top designers and award winners from previous years.
An investor group called Telesto Ventures says it wants to acquire Saturn's retail operations and provide dealers with vehicles from General Motors through 2011 and mostly overseas manufacturers thereafter. A GM spokesman said today the group's proposal is legitimate and "very interesting."
"I can tell you this is one of the interested parties with Saturn, and we have been working with them throughout this process," said spokesman Steve Janisse. "There are other interested parties as well who we're working with.