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GM, profits collapse in 2013: good fourth quarter, but below expectations

The full year ended with group net income of $3,8 billion, down 22,4% from $4,9 billion in full year 2012.

GM, profits collapse in 2013: good fourth quarter, but below expectations

Improved, but less than forecasts by analysts, the profit of the American car group General Motors, which has ended the fourth quarter with net profit up 2,4% to $913 million compared to the same period of 2012.

On the other hand, the full year ended with a group net result of 3,8 billion dollars, down 22,4% compared to the 4,9 billion dollars of the year 2012. Revenue for the quarter was $40,5 billion against 39,3 in the same period of 2012 and total revenues for the whole of 2013 grew to 155,4 billion (152,3 billion). The adjusted EBIT for the three months is 1,9 billion (against 1,2 billion in the fourth quarter of 2012) and that for the year is 8,6 billion dollars (7,9 billion $).

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