Automobile Industry: G.M., Says Hurt by Europe, Still Increases Profit - by Bill Vlasic

General Motors said its profit in the fourth quarter increased slightly as continued losses in Europe offset positive results in North America.

G.M., the US’s biggest carmaker, said it had net income of $900 million in the quarter, compared to $500 million in the same period a year earlier. Revenue increased to $39.3 billion, up from $38 billion.

The company said strong sales in the surging United States market helped it post a $1.4 billion pretax profit in North America.

Read more: G.M., Hurt by Europe, Still Increases Profit - NYTimes.com