{"id":21087,"date":"2012-02-17T04:06:00","date_gmt":"2012-02-17T04:06:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/general-motors-reports-q4-and-full-year-results-gm\/21049\/"},"modified":"2012-02-17T04:06:00","modified_gmt":"2012-02-17T04:06:00","slug":"general-motors-reports-q4-and-full-year-results-gm","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/general-motors-reports-q4-and-full-year-results-gm\/21087\/","title":{"rendered":"General Motors Reports Q4 and Full Year Results (GM)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2010\/12\/23.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-2520\" title=\"General Motors Co\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2010\/12\/23-150x150.jpg\" alt=\"General Motors Co\" width=\"150\" height=\"150\"><\/a>Three year after filing for the bankruptcy, General Motors (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GM\">NYSE: GM<\/a>) has posted a stunning comeback as its profits surpassed what it earned during its peak in mid 1990\u2019s.<\/p>\n<p><span id=\"more-21087\"><\/span><\/p>\n<p>The Company\u2019s earnings which stood at $7.6 billion, last year proves that how the automaker capitalized on its 2009 bankruptcy reorganization and federal bailout to get rid of loss making brands, cut down its debt, rewrite union contracts and shut down surplus factories.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>The annual profit for 2011 showed a 62% gain over the preceding year. Revenue climbed 11% to $150.3 billion in the same period. \u00a0While the fourth-quarter profit dropped 7% to $472 million, revenue soared 3% to $38 billion.<\/p>\n<p>According to \u00a0Jesse Toprak, an analyst with automotive information company TrueCar.com, \u00a0the record annual earnings symbolizes &#8220;a remarkable turnaround from what appeared to be a hopeless situation,&#8221;<\/p>\n<p>Commenting on General Motors turnaround,\u00a0 David Cole, chairman emeritus of the Center for Automotive Research said that\u00a0 GM now has about a $2,000-per-car manufacturing advantage over its Japanese and\u00a0European\u00a0rivals, a huge transformation from a similar-sized disadvantage before the restructuring.<\/p>\n<p>As the Company devised new business strategies, it was able to make huge profits in a market which is still much stagnated. \u00a0Even though there are still relatively low levels of auto sales in the U.S., the Company performed reasonably well thanks to concentrating on small car segment.\u00a0 The Company became very competitive in the small-car business, where it now has competitive vehicles such as Chevrolet&#8217;s new Cruze and Sonic sedan. The automaker lost about $100 billion in the years before the 2009 rescue.<\/p>\n<p>Globally, GM is generating strong profits in North America and\u00a0China; however, it is losing money in South America and Europe. Chief Executive Dan Akerson said the Company will require the same type of overhauling; the automaker underwent to resurrect its North American operations several years ago. The Company is expected to announce its cost and production cuts in the Europe, in the coming months.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/sunpower-reports-q4-results-spwr\/21183\"><br \/>\nSunPower Reports Q4 Results (SPWR)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/general-mills-slashes-profit-forecast-gis\/21182\"><br \/>\nGeneral Mills Slashes Profit Forecast (GIS)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-slip\/21181\"><br \/>\nGold Prices Slip<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-post-weekly-gain\/21179\"><br \/>\nStocks Post Weekly Gain<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-end-on-a-mixed-note-20\/21177\"><br \/>\nStocks End on a Mixed Note<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-headed-for-a-mixed-finish-9\/21146\"><br \/>\nStocks Headed for a Mixed Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/horsehead-holding-zinc-production-at-the-smelter-was-at-its-highest-level-of-the-year\/21142\"><br \/>\nHorsehead Holding &#8211; Zinc production at the smelter was at its highest level of the year<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Three year after filing for the bankruptcy, General Motors (NYSE: GM) has posted a stunning comeback as its profits surpassed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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