GM records its highest profit ever: $7.6 billion

GM records its highest profit ever: $7.6 billion

DETROIT (AP) — General Motors earned its largest profit ever in 2011, two years after it nearly collapsed into financial ruin. Strong sales in the U.S. and China helped the 103-year-old carmaker turn a profit of $7.6 billion, beating its old record of $6.7 billion in 1997 during the pickup truck and SUV boom.