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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here