The top US car manufacturer earned a net US$892m in the quarter to December compared with US$472m a year earlier.
The figures were buoyed by a turnaround in South America, where the company swung from a loss in the previous year to a US$99m profit. In its Asia-Africa division, earnings jumped US$100m to US$473m.
Earnings per share came in at 54 cents for the quarter, compared to 28 cents a year ago.
For the full year GM reported net income of US$4.86bn, down 36% from a year earlier.
"The company recorded a solid performance for 2012, delivering profits to its shareholders and is now on a solid path for future growth," said Dan Akerson, GM's chairman and chief executive.
"This year our priorities will be executing flawless new vehicle launches, controlling costs and delivering more vehicles to our customers at outstanding value," he added.
Source: AFP via I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
