Fortune magazine recently released their Fortune 500 list and GM has clawed their way back into the top ten.
Last year, GM fell to fifteenth place due to their bankruptcy but have managed to jump to the number eight spot since then, surpassing Ford Motor Company on the board thanks to its higher total revenue (though GM has the lower profit margin) . Fortune points out how GM has come out as a leaner company and posting their first annual profit. The surprise however is GM is ahead of Ford. Ford had a higher profit while GM reported higher revenue. Still, both companies are in the top ten and that makes everyone happy.
Source: CNN Money
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