GM reports stronger-than-expected quarterly profit By Reuters
© Reuters. FILE PHOTO: The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe
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DETROIT (Reuters) – General Motors Co (NYSE:) on Wednesday reported a higher-than-expected fourth-quarter profit on strong demand for trucks and SUVs during the COVID-19 pandemic.
GM said it earned $2.8 billion compared with a loss of $194 million in the prior year. On an adjusted basis, it earned $1.93 a share, above the $1.64 analysts polled by Refinitiv had expected.
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