General Motors made a significant profit for the first time in seven years. Employees will get profit-sharing bonuses. I'd call it good news, especially since the RWS™ called Obama's rescue efforts doomed to failure, a government takeover, communism, and even some bad things.
It was the first profitable year since 2004 for G.M., which became publicly traded in November, ending a streak of losses totaling about $90 billion.
In addition, G.M. said 45,000 union workers would receive profit-sharing checks averaging $4,300, the most in the company’s history.
“Last year was one of foundation building,” G.M.’s chief executive, Daniel F. Akerson,said in a statement. “Particularly pleasing was that we demonstrated G.M.’s ability to achieve sustainable profitability near the bottom of the U.S. industry cycle, with four consecutive profitable quarters.”
Haven't heard much from the RWS™ about this, and I can't imagine why.
Meanwhile, I'd like to point out that I used to own one of those '49 Caddies pictured above, and drove it, to multiple thumbs-up, on perfect days. Much as I loved it -- used to go to the garage just to open and close the doors, heavy they were, and chunked closed like a safe; my wife made a patchwork cover for it, complete with hole for the antenna and perfectly contoured for the pubescent fins -- I finally concluded I couldn't give it the attention and care it needed. I'm glad GM is back on its feet, but they'll never make a car as solid as that again; and most certainly never with that back seat like your grandma's couch.
The gas cap was under the left tail-light lens, which popped up.