Challenges remain, however, starting with Europe. GM CEO Dan Amman told The Detroit Free Press this week that the European auto sales outlook is "not recovering" yet. "We haven't seen any tangible signs of any meaningful improvement at this point," Amman said. Through the first five months of this year, GM's European sales are down 11%.
Meanwhile, Detroit News columnist Daniel Howes says GM's biggest enemy, as its results improve, may be complacency. GM cannot yet assure "that the flush of financial success and the recognition of car buyers won't fuel a Made-in-Detroit cockiness reflected in pricey labor contracts, exotic foreign tie-ups with second-tier players or new vehicles developed for ego, not a solid business case," Howes wrote Wednesday.
-- Written by Ted Reed in Charlotte, N.C.>To contact the writer of this article, click here: Ted Reed