Cars

General Motors reports 2 Percent Lift in Quarterly Earnings

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DETROIT — General Motors Co., the nation’s largest automaker, said Thursday that it earned $913 million in the fourth quarter, a 2 percent improvement over the period a year earlier.

The company said that its global vehicle sales in the quarter rose 5 percent, but that its earnings were depressed by restructuring charges, including $691 million related to its decision to drop plans to sell Chevrolet vehicles in Europe.

GM reported that revenue during the quarter increased 3 percent to $40.5 billion, compared with $39.3 billion a year earlier.

For the full year, GM reported net income of $3.77 billion, which was a 22 percent decline from $4.86 billion in 2012. Revenue for 2013 was $155.4 billion, up from $152.3 billion the previous year.

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