General Motors’ (GM) earnings and market share were down in 2012 despite a better year for car sales in the U.S., a combination that soured Wall Street on the automaker’s fourth quarter and year-end earnings report.
GM reported $4.7 billion in earnings for 2012, a sharp decline of 36 percent from the $7.6 billion it posted a year ago. The automaker’s finances are on solid ground after its 2009 tax-payer assisted bankruptcy, but it underperformed a bit in the U.S., struggled in Europe…
GM’s 2012 Performance Slips Amid European Woes and Lower Market Share originally appeared on DailyFinance.com on 2013-02-14T12:00:00Z.
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