General Motors have just announced that they have posted a $865 million profit for the first quarter of 2010. The $1.66-per-share profit was far better than a loss of $6 billion, or $9.78 per share, for the same period last year. It’s also a sign that GM may be able to back up CEO Ed [...]

General Motors Chairman and CEO Ed Whitacre said at a Monday morning press conference that the automaker has no announcement regarding Saab despite media reports swirling around the globe that a deal to sell the Swedish automaker to Spyker is imminent. “As of today, we have not changed our direction on the wind-down (of Saab),” [...]