Working To Improve:GM Banks On New Intros

All segments of General Motors saw a sales increase in Q1 except GM Europe,where sales fell off a cliff by 19.8% in the midst of a Euro-zone recession.Overall,it was a successful quarter for the fabled carmaker,beating Wall Street expectations on both profit and revenue growth.The company has a 15.1% share of the Chinese market,but has to share that revenue with the local joint venture partners required by the Chinese authorities.The U.S. government still owns about a third of GM,which it acquired during the financial crisis in order to save the corporation and its UAW jobs. Chief Financial Officer Dan Ammann said we're working every day to improve the profitability.We're having great success with new introductions.We have 20 or more new launches around the world this year,and that's what's gonna drive sales.We're working hard on both the revenue and cost-cutting side of the business.We're working to do everything we can within the constraints of the European situation.We've taken a lot of action on the cost side in Europe in the past few years-not just the past few quarters,Mr.Ammann pointed out. General Motors(GM)