General Motors has reported its first quarterly profit in nearly three years.
Dramatic cost-cutting and strong sales of new models helped it make $US865 million in the first three months of 2010.
This compares with a $US6 billion loss in the same period a year earlier.
GM, which filed for bankruptcy protection last year, has closed 14 factories and shed more than 65,000 jobs in the US. It has also sold or dropped unprofitable brands such as Hummer, Saab and Saturn.
GM came out of bankruptcy protection in July 2009, when debt and expenses were slashed.
Last month, the company said it had repaid $US8.1 billion in loans from the US and Canadian governments.
But GM, which owns the Vauxhall and Opel brands, still owes $US45.3 billion to the US and $US8.1 billion to Canada.
Sales at GM rose to $US31.5 billion in the first three months of the year, up from $US22.4 billion in the first quarter of 2009.
