[paddyk]

DETROIT, April 15 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) said on Tuesday that sales rose 19.6 percent in the first quarter to 323,400 vehicles in its Latin America, Africa and Middle East unit.
GM said the sales, which were a first-quarter record for the company in the region, outpaced industry sales growth of 11.7 percent during the period.


http://www.reuters.com/article/marketsNews/idUSWNAS783420080415

 

[tgagneguam]

Pro-growth, pro-profit. That's the GM I'd like to see.

In 2007, GMLAAM earned $1.3 billion before taxes, which almost was enough to erase GMNA's pre-tax loss of $1.5 billion. GMLAAM's performance was nicely described in preliminary reports by GM back in February:

The year-over-year gain in GMLAAM pre-tax earnings was largely driven by strong volume growth, which outpaced industry growth, as well as favorable price and mix. Robust sales contributed to record GM sales in Argentina, Brazil, Chile, Colombia, Egypt and Venezuela in 2007.

Don't believe what some people say, either. Sales leadership is important in the minds of GM executives. Just look at how they close their media reports:

General Motors Corp. (NYSE: GM), the world’s largest automaker, has been the annual global industry sales leader for 77 years...

(Actually, GM needs to correct its narrative to "sales leader," not "automaker." Toyota is the largest automaker by volume.)

The way GM will rise again is when it follows the business model that is working so well for the company outside of NA: pro-growth, pro-profit.