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gm earnings

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    Official: GM quarterly earnings tank due to recall costs
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    Given General Motors' steady stream of recalls this year (including a single day with around 8.4 million vehicles needing repair), it's not a huge surprise that the cost to deal with all of the problems will be high. However, few analysts expected the tab to be this steep. In the General's ...

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    Official: GM spent $1.3B on recall expenses in Q1, net income falls
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    General Motors' recall woes in the first quarter of 2014 has had a major effect on the company's bottom line. In its Q1 financial report, the business announced that it spent $1.3 billion on "recall-related repairs" in the first three months of the year. Total revenue at GM actually ticked up ...

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    Official: GM reports more profits in Q4, fourth straight year of profitability
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    General Motors has released its earnings for the fourth quarter, and the news is mostly good. Net income was $913 million, up two percent from $892 million recorded during the same period in 2012. Earnings for the entire year ended up still positive at $3.77 billion, but that figure is down 22.4 ...

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    Official: GM reports $700M net income for Q3
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    With the third quarter of 2013 wrapping up, General Motors has published its quarterly earnings, announcing a net income of $700 million, a significant drop from Q3 2012's $1.5 billion in net income. The drop is being blamed on a $900 million loss from "special items," $800 million of which was ...

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    Official: GM nets $865M in Q1, down 14%
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    As the last of the Detroit automakers to check in with its first-quarter earnings in 2013, General Motors has announced that it saw a net income of $0.9 billion, which, according to Automotive News, is rounded up from $865 million, to go with Q1 revenue of $36.9 billion and a pre-tax profit of ...

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    Official: GM profits down 14% in Q3
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    General Motors reported its third-quarter earnings today, and while revenues were up in the three-month period, overall profits were down 14 percent compared to last year. GM's Q3 net revenue was $37.6 billion (almost $1 billion more than 2011), but its net income was $1.5 billion, down from $1.7 ...

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    Report: GM Europe headed for another restructuring after disappointing losses
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    General Motors is having a hard time nailing down its European operations. The automaker reported its first-quarter earnings slid by $1 billion, down from $3.2 billion in the first quarter of last year. The drop was partially attributable to a one-time loss that included changes in accounting for ...

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    Official: GM reports 2011 profit of $7.6 billion
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    General Motors today reported its earnings for last year and the fourth fiscal quarter of 2011. The automaker's profits for 2011 totaled $7.6 billion, up from $4.7 billion in 2010. While the news was excellent for the full year, fourth quarter net income was only $472 million, or about the same ...

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    Official: GM earns $3.2 billion in Q1 2011, marks fifth consecutive profitable quarter
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    General Motors has just announced the company's financial results for the first quarter of 2011. The automaker pulled in a net income of $3.2 billion, marking the fifth-consecutive profitable quarter for the largest of the Big Three. Compared to one year ago, GM saw revenue increase by $4.7 ...

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    General Motors reports earnings of $4.7B in 2010, first yearly profit since 2004
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    General Motors has officially announced earnings for its first full year of business after its emergence from bankruptcy. The automaker brought in $135.6 billion in revenue with a net income of $4.7 billion, which marks GM's first profit since 2004. Additionally, that profit was the largest for The ...

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    General Motors announces Q3 profit of $1.96 billion ahead of IPO
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    General Motors posted its last financial report before the company's initial public offering of stock next week. In it, the company reported that in the third quarter of 2010, it earned a net income of $1.96 billion on a total of $34.06 billion in revenue. That puts the automaker's 2010 figures at ...

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    Rattner: GM and Chrysler will be "gushing profits"
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    General Motors and Chrysler LLC will lead automakers to "gushing profits" when annual U.S. sales reach 15 million vehicles, said Steven Rattner, the former head of the federal government's auto task force, on Bloomberg TV last Friday. "This industry has been restructured to make money," Rattner ...

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    General Motors reports $1.3 billion profit in second quarter
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    General Motors reported its second straight quarter of profitability this morning, something it hasn't done in many years. In fact, the first half of 2010 has been the automaker's best since 2004. In the April–June quarter, GM earned net profits of $1.3 billion on revenues of $33.2 billion. ...

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    How is it that GM is still worth more than Ford?
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    General Motors, which hasn't been allowed to forget its recent financial propping up by all of us, is apparently still worth more than Ford Motor Company. That's a dubious fact that sticks in the craw of Detroit Free Press columnist Tom Walsh. Ford, you'll recall, preemptively mortgaged itself up ...

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    GM posts $6B loss in Q1, burns through $10B
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    General Motors reported its first quarter earnings today, and the beleaguered U.S. automaker posted a $6 billion net loss compared to a net loss of $3.3 billion one year ago. At the same time, GM burned through $10.2 billion in cash during Q1, though still has $11.6 billion in cash reserves on hand ...

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    GM burned through $5.9B in Q4, $19.2B in 2008
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    General Motors has just released its annual earnings report, and the news isn't pretty either for the year that was or the fourth quarter of 2008. GM burnt through $5.9 billion during the last few months of the year, which brought the grand total of cash on fire to $19.2 billion in 2008. So far the ...

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