General Motors and their black ink profits have revealed a steady recovery. GM has reached $865 million in earnings, which is far off their loss of $5.9 billion just a year ago. This is the first time in over three years that GM has shown a profit for the quarter. The total sales during the first 2010 period, which spans from January to March for this company, showed a forty percent increase.

General Motors is demonstrating a tremendous recovery for their company, and has already begun paying back bailout money that was given by the government last year. This is great news for stockholders who have invested in GM and had to suffer over the last few years with the company’s steady decrease in sales. The government, which owns over 61% of the company stake, may be ready to begin selling their stock investments into the company.

GM showed a loss of $88 billion since 2005 and filed for bankruptcy just over a year ago. The company used a $50 billion bailout to turn the company around, and has proven to do just that. It is still too early to predict how the remainder of 2010 will go for General Motors, but this is a great indication of how the company has been able to turn around so far.