GM Reports 2013 Net Income of $3.8 Billion

GM 2013 income 1 photo
Photo: GM
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.”
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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