USA: Dragged down by Europe, General Motors posts reduced Q4 and full year profits
General Motors Corp. on Wednesday reported net income of $US630 million, or $1.11 per share for the fourth quarter of 2004, down from $1.0 billion, or $2.13 per share a year ago. Revenue rose 4.7% to $51.2 billion. Consolidated net income for 2004, including special items, totalled $3.7 billion, or $6.51 per share, compared with $3.8 billion, or $7.14 per share, in 2003.
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