Tomahawk, WI 02/10/2014 (BasicsMedia) – General Motors Company (NYSE:GM) has continued to perform exemplary well in the market posting positive results despite feeling the wrath of unpredictable Europe automotive market. The past fourth quarter of F2013 marked the 16th consecutive quarter that the company has posted profits despite recording losses with its Europe ventures.

This is in contrast to Ford which continues to improve in the same markets. The massive improvement especially in North America market can be attributed to the change of guard of the management team who has continued to work day and night in turning around the fortunes of the company.

GM impressive earnings

Total net income for the fourth quarter stood at a high mark of $913 million an improvement of 2% compared to the same quarter a year ago. The company global car sales for the quarter grew by 5% resulting in a slight increase in pretax profit for North America. Restructuring costs that the company aimed at using for reducing losses incurred around the world reduced earnings for the quarter and for full year.

The impressive earnings in the fourth quarter was overshadowed by a net loss of $691 million that General Motors Company (NYSE:GM) intended to use to for the project to sale Chevrolet vehicles in Europe. The company also took a drop charge of $500 million to end its production in Australia. There was good news later, as these costs were later offset by tax gains and the sale of stake in Ally Financial.

Europe has not been a cup of coffee for General Motors Company (NYSE:GM) having lost billions of dollars over the past few years. Although the fourth quarter results were impressive they failed to spark investors, as they fell below consensus estimates. This can be seen as harsh sentiments consideration the company earned pretax profit of $1.88 billion in North America for the quarter.

General Motors Company (NYSE:GM) sales volume and revenue have increased in the recent quarters despite experiencing bad harsh in Europe. Revenues for the fourth quarter grew to a high of $40.5 billion an improvement of 3% compared to $39.3 billion a year ago. The company sold a total of 2.46 million vehicles during the quarter compared to 2.34 million for the same quarter a year ago. Chief executive Officer MS Barra maintains that the results for the quarter were strong and with the impending structural changes, General Motors Company (NYSE:GM) is set for overall excellent global performance in the coming quarters.

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