#earnings

General Motors cruised to their fifth straight quarter in the black, announcing a gross profit of $3.2 billion, helped along by a sale of GM subsidiary Delphi for $1.6 billion in March.

Hit by fewer fleet sales and high interest on government loans, Chrysler posted a $199 million operating loss in it’s fourth quarter of 2010, despite generating earnings of $10.76 billion.

Chrysler recorded it’s third straight profitable quarter, raking in $239 million in Q3, as the company rode a wave of optimism regarding increased sales and a new product lineup.

BMW announced today that it is on track to save about $5.2 billion by 2012, by spending less on components and through a strategic partnership with Mercedes-Benz. A report by Bloomberg said that BMW will surpass its goal of cutting $5.2 billion.

Ford posted a $2.1 billion profit for this quarter, beating market expectations by a full year despite a lull in the new vehicle market. Ford has undergone a series of cost-cutting measures, including plant closures and layoffs, but has also introduced a torrent of new product in nearly every segment.