GM sales offset by Europe weakness

Feb 14, 2013 | 05:24 PM | Corinna Petry

Tags  General Motors, Dan Akerson, Chuck Stevens, quarterly earnings, North America operations, Europe operations, capacity utilization, Corinna Petry

CHICAGO — General Motors Co.’s net income fell 35.9 percent year on year in 2012 despite slightly higher revenue as the automaker recorded unfavorable special items.

Yet GM "planted seeds of growth" around the world last year and has already begun to see shoots in 2013, chairman and chief executive officer Dan Akerson said in a Feb. 14 call on the company’s earnings results.

Chinese consumers bought a record 300,000 vehicles in January, and GM has gained a full point in market share in China over the past year, he said.....





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