ABJ - August 5 - General Motors Co. announced second quarter net income attributable to common stockholders of $2.5 billion, or $1.54 per fully-diluted share, marking the company’s sixth consecutive profitable quarter. In the second quarter of 2010, GM’s net income attributable to common stockholders was $1.3 billion, or 85 cents per fully-diluted share.

Revenue increased $6.2 billion to $39.4 billion, compared with the second quarter of 2010. Earnings before interest and tax (EBIT) adjusted was $3 billion compared with $2 billion in the second quarter of 2010. There were no special items in either period.

“GM’s investments in fuel economy, design and quality are paying off around the world as our global market share growth and financial results bear out,” Dan Akerson, Chairman and CEO, General Motors Co., said in a statement. “Our progress has been steady and we’re preparing to launch more new products this year, including the Chevrolet Sonic in North America, the Opel/Vauxhall Zafira in Europe and the Baojun 630 in China to keep the momentum going.”

For the quarter, automotive cash flow from operating activities was $5 billion and automotive free cash flow was $3.8 billion.

GM ended the quarter with very strong total automotive liquidity of $39.7 billion. Automotive cash and marketable securities, including Canadian Health Care Trust restricted cash, was $33.8 billion compared with $30.6 billion at the end of the first quarter of 2011.

Based on current industry outlook, the company expects that EBIT-adjusted in the second half of 2011 will be modestly lower than in the first half and that its full-year 2011 EBIT-adjusted will show solid improvement over 2010.