FROM FORBES: After years of painful restructuring and two high-profile bankruptcies, Detroit carmakers are making money again. Even Chrysler Group eked out a $143 million operating profit in the first quarter. But Detroit’s fiercest rivals, General Motors and Ford Motor, are relying on different engines to fuel their recoveries.
In the first quarter, the two companies had nearly identical operating profits in the U.S.–$1.25 billion at Ford Motor and $1.22 billion at GM–a sharp reversal from the billions lost in their home market in recent years.
But Ford seems to have better momentum in the U.S.: it gained half a point of market share in the first three months of the year, while GM lost half a point on its core Chevrolet, Cadillac, Buick and GMC brands. MORE»
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