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	Name:	Jim Dandy -
	Subject:	GM
	Date:	5/6/2011 1:30:53 PM

Never hurts to look a little deeper.....

General Motors Co. tripled its profit in the first quarter, helped by stronger demand but mostly because the auto maker made money off the sale of its stakes in two former subsidiaries.

Without those asset sales, GM's earnings disappointed investors and highlighted difficulties in its core North American operations and other units around the world.

GM's income rose to $3.2 billion, or $1.77 a share, from $865 million or 55 cents a share, lifted by $1.5 billion in gains on sale of holdings in Delphi Automotive LLP and Ally Financial. Without those gains, its earnings before interest and taxes rose 18% to $2 billion, and North American profit climbed just 8% to $1.3 billion, less than analysts had expected. Revenue increased 15%, to $36.2 billion, from $31.5 billion