GM said Thursday its earnings were $3.2 billion, or $1.77 per share, in the first quarter.
The funny thing about this is the U.S. automakers used to claim that there is no way they could be profitable making fuel-efficient vehicles. Never mind the fact that their Japanese rivals were kicking their rear ends by doing just that.
Now, it seems, the U.S. companies finally get it. If you want to have success in the auto industry, give customers reliable cars that are fuel-efficient and suit their lifestyle needs.