Within a few hours, both stories came in — GM posts highest profits since 1999, Toyota to recall 2.2 million cars.
In an impressive comeback from bankruptcy, GM reported a 2010 profit of $4.7 billion, beating Wall Street expectations.
The Toyota recall is the latest attempt to rid their vehicles of sticky gas pedals. The announcement comes exactly one year after Toyota’s CEO, Akio Toyoda, stood before a congressional hearing to accept “full responsibility” for the safety defects.
Take that, all you Big Three bashers.
