Automaker GM expects to score profits soon

Automaker GM expects to score profits soonThe troubled times for the global auto giant General Motors seem to be ending now. Christopher P. Liddell, the Chief Financial Officer   at General Motors stated that the company may secure a profit in the current fiscal. This the first ever public statement made by Lindell after he has joined General Motors. Liddell was earlier working with the technology giant Microsoft.

The US government owns a significant 60% share in the automobile company. According to Mr. Liddell, he wants the US government to be satisfied with their investment, to achieve this goal GM will require to generate profit year after year.
 
Though GM had lost $88 billion approx between years 2004-2009 but it is recovering at a good pace. Mr. Liddell doesn’t agree to Steven L. Rattner's comment about GM's financial operation, which says that the company is too feeble in this department. Mr. Liddell says there is some renovation required over here only and nothing like starting from zero.   
 
Mr. Liddell surprised everyone with his decision to join a bankrupt company after announcing his retirement plans from Microsoft. His decision appears more to be passionate than rational as he says, "it's a lifetime opportunity" to bring life in a dying company.