Web Sify
Follow us on

News Summary: GM turns 2012 profit despite Europe

Source : AP
Last Updated: Thu, Feb 14, 2013 22:15 hrs

: General Motors' full-year profit fell 36 percent to $4.9 billion in 2012, partly because of one-time tax changes. Revenue rose 1 percent to $152.3 billion.

SHARING THE ROAD: GM made $6.9 billion in North America, and its U.S. factory workers will get $6,750 profit-sharing checks. International operations rose 16 percent to $2.2 billion thanks to record sales in China. GM lost $1.8 billion in Europe because of the troubled economy and tough market there.

CURVES AHEAD: GM is under pressure to cut costs in Europe and improve sales growth in the U.S., where it's lagging the industry.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance