GM’s 2013 Net Income Hits $3.8 Billion
It is that time of year again when automakers calculate all of the data from the previous year, while simultaneously making plans to improve on it for the upcoming year. General Motors is no exception, and the Detroit automaker recently reported its financial earning for 2013.
In the 2013 calendar year, GM posted a net income attributable to common stockholders of $3.8 billion. Total revenue for GM increased two percent in 2013 to $155.4 billion, which is up from $152.3 billion in 2012.
Those numbers mark the fourth consecutive year of profits for GM; indicating a continued resurgence from the recession that crippled the automotive industry.
Last year was full of new vehicles for GM, which solidified a strong foundation in the United States. Now, GM looks to strengthen its global reach in order to continue to build the brand.
“Launches of some of the best vehicles in our history combined with significant improvements in our core business led to a solid year,” said GM CEO Mary Barra, in a press release. “The tough decisions made during the year will further strengthen our operations. We’re now in execution mode and our sole focus will be on delivering results on a global basis.”
What do you think of GM’s 2013 net income? Let us know what you think this means for the automaker moving forward in the comments below!