GM, Ford Profits Beat "The Street"

July 25, 2013

"I think there's this sense that maybe Europe has hit rock bottom and will be coming back up."

Michelle Krebs, senior auto analyst for

General Motors earned $1.26 billion in the second quarter of 2013, about 16 percent less than it made during the same period last year. GM says its profit of almost $2 billion in North America offset losses in Europe and sagging international earnings. Despite the decline, the company's earnings exceeded Wall Street expectations. Ford reported a second quarter profit of $1.2 billion on Wednesday. Edmunds senior auto analyst Michelle Krebs tells WDET's Pat Batcheller that GM and Ford are in good shape right now. Click on the auto link above to hear the conversation.