Xinhuanet reported.

"As the results for 2009 show there is still significant work to be done. However,Abercrombie and Fitch paris, I continue to believe we have a chance of achieving profitability in 2010,Abercrombie," said GM vice chairman and CFO Chris Liddell.
GM filed for bankruptcy protection on June 1 2009 and completed its reorganization of assets in July 10. Up to now,christian louboutin pas cher, it has received 50 billion U.S. dollars of U.S. taxpayer support for the restructuring.


GM posted a net loss of 4.3 billion dollars on Wednesday from July to December in its first profit report since exiting bankruptcy.

The net loss covered the period from its emergency from bankruptcy in July through the end of the year. It also reported a 3.4 billion U.S. dollars net loss for the fourth quarter of 2009.
The 4.3 billion U.S. dollars net loss includes the pre-tax impact of a 2.6 billion U.S. dollars settlement loss related to the UAW retiree medical plan and a 1.3 billion U.S. dollars foreign currency re-measurement loss,louboutin pas cher, said its first profit report.
The U.S. car maker General Motors Company (GM) on Wednesday posted a 4.3 billion net loss for 2009,Abercrombie & Fitch, but said it was possible to make a profit this year,louboutin, Xinhuanet reported.
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The company said it had repaid 2.8 billion dollars of its loan from the U.S. Treasury and Export Development Canada by the end of March and planned to repay the remaining 5.6 billion dollars by June "at the latest."


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