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General Motors Earnings Analysis: By The Numbers

By CapitalCube

General Motors Company (GM) reported preliminary financial results for the quarter ended December 31, 2014.

General Motors turned a profit in 2014 despite a $2.8 B pretax charge for 42 million GM automobile recalls. The company generated better-than-expected Q4 profits, with profits before dividends up 91 percent compared to Q4 2013. However, revenue in the quarter declined 2.2 percent in the quarter to $39.6 B.

With gas prices lower, the largest US auto maker sold more pick-up trucks and large SUVs in North America, GM's most profitable market. At the same time, rival Ford's (F) truck plants were idled due to manufacturer retooling. North America notched a $2.21 B profit for the quarter, and GM has now captured 75 percent of the US large SUV market.

Globally, GM's sales rose 2 percent to 919 million vehicles. European operations, however, were weak. Russia in particular was a drag on… Read More …