GM execs say they hope to return to profit in 2010

29/08/2008 08:45. JOLIET, Illinois : A lot of things have to fall into place, but if all goes according to plan, top executives of General Motors Corp. are hoping the automaker will start making money again in 2010, Vice Chairman Bob Lutz said Thursday.

Lutz, however, would not make a firm prediction on a return to profitability.

"At this point the future is so cloudy in terms of the development of the market, when it's going to pick up again," he said while speaking to reporters at an event in Joliet to showing off the company's 2009 model lineup.

In the past 18 months, GM has lost $57.5 billion, including $15.5 billion in the second quarter. The company has closed factories, laid off workers, revamped its product lineup and performed strongly overseas, but it has been hit by U.S. economic woes... // International Herald Tribune