The Washington Times

Key events in the fall and rise of General Motors

continued from page 2

Dec. 31 _ U.S. annual auto sales rise 10 percent to 12.8 million.

2012

Feb. 16 _ GM reports its highest annual profit ever _ $7.6 billion _ for 2011.

Oct. 31 _ GM earns $1.48 billion in third quarter; 11th straight profitable quarter since bankruptcy. Total earnings since bankruptcy are $16 billion.

Dec. 3 _ Industry reports strong Nov. U.S. sales; GM sales up only 3 percent. Industry grows 14 percent in first 11 months. GM up 3.5.

Dec. 19 _ GM reaches deal to buy back 200 million shares from U.S. government for $5.5 billion. Government agrees to sell remaining 300 million shares by early 2014.

2013

Jan. 3 _ GM says it sold 81,247 Sonics in the U.S. in 2012, making it the best-selling subcompact in the country.

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