GM posts Q2 net income of $1.3 billion, sales of $33.2 billion

DETROIT — General Motors Co., poised to launch one of the largest public stock offerings in U.S. history this fall, today reported a $1.3 billion net profit for the second quarter — GM’s largest quarterly profit since 2004.

The results, as GM executives signaled in recent days, surpassed the $865 in net income the automaker reported in the first quarter. GM reported a $12.9 billion net loss during the second quarter last year.

Second-quarter revenue was $33.2 billion, up 44 percent from $23.0 billion in the second quarter of 2009. First quarter revenues were $31.5 billion.

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