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GM's 1st Quarter Report Due This Week

April 30, 2012

General Motors will announce its first quarter financial report on Thursday. The automaker earned a record $7.6B in 2011. Last week, Ford reported a $1.4B profit in the first quarter of 2012, Chrysler posted its best profit in more than a decade, $473M. But the financial crisis in Europe took a big bite out of Ford’s earnings, which were about half as much as the first quarter of 2010. Paul Eisenstein of The thedetroitbureau.com says the auto industry is nervously watching the Eurocrisis. Click on the audio link above to hear the conversation.

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