California motorists that spend a lot of time on the road could be in for a shock. The state’s legislature is considering a bill that would explore a tax based on vehicle miles traveled or VMT for short.
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Every year the Fortune 500 rankings are announced, and it’s usually no surprise to see the big three on the list. This year, however, you’ll find only two of the domestic automakers, though both have moved up the list.
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General Motors has announced a second quarter net income of $2.5 billion or $1.54 per fully diluted share. By comparison, GM’s Q2 2010 performance showed a net income of $1.3 billion or 85 cents per diluted share. Revenue has increased from $6.2 billion to 39.4 billion compared to the second quarter of 2010. Earnings before interest and...
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