General Motors has announced a 2013 calendar-year net income of $3.8 billion, down from $4.9 billion in 2012. Despite the net income dropping by 22 percent, revenue increased two percent to $155,4 billion, compared with $152.3 billion last year.
While GM North America earned $7.5 billion in 2013, $1 billion more than 2012, GM Europe reported a loss of $800 million (compared to $1.9 billion last year). GM South America posted an income of $300 million for 2013, $200 million less than what it earned in 2012.
In other words, 2013 was GM’s fourth consecutive year of profits and GM North America’s best year ever.
“Launches of some of the best vehicles in our history combined with significant improvements in our core business led to a solid year,” said GM CEO Mary Barra. “The tough decisions made during the year will further strengthen our operations. We’re now in execution mode and our sole focus will be on delivering results on a global basis.”
In other words, 2013 was GM’s fourth consecutive year of profits and GM North America’s best year ever.
“Launches of some of the best vehicles in our history combined with significant improvements in our core business led to a solid year,” said GM CEO Mary Barra. “The tough decisions made during the year will further strengthen our operations. We’re now in execution mode and our sole focus will be on delivering results on a global basis.”