Japan quake helps GM profits soar in Q2

Japan quake helps GM profits soar in Q2
New York (AFP) Aug 4, 2011 - Supply problems at earthquake-hit Japanese automakers helped General Motors nearly double profits in the second quarter, pushing up US sales and market share, company results showed Thursday. With giants Toyota and Honda hobbled by factory shutdowns in Japan after the March 11 disaster, GM's US market share surged to more than 20 percent while it jacked up vehicle prices. Earnings also g ... more