GM nets income of $4.9B in 2012, down from $7.9B in 2011 [cardvd-player.net]

General Motors has issued a statement on their income for the calendar year 2012 today, with a net income of $ 4.9 billion and earnings before interest and figure taxes (EBIT) of approximately $ 7, $ 9 billion. For the action that breaks the $ 2.92, compared to a net profit of $ 4.58 per share last year. These figures contrast with the automaker’s revenue numbers, which rose in 2012 to $ 152.3 billion from $ 150.3 billion in 2011.
GM called the discrepancy of revenue for revenue, saying it is “mainly” due to “unfavorable special items” and hit taken in the autumn European markets.
The portion of special items is that the story gets a bit ‘of confusion. The company says the $ 0.5 billion value of the negative impact of special items of income this year. Listed as one of these elements – $ 26.2 billon non-cash goodwill impairment (this occurs when a company buys something great for most of his “book”), $ 2.2 billion added to the pension plan of United States of wages, and – $ 5.2 billion “non-cash value” assets of GM Europe.
Even with this half a billion represented the difference remaining $ 2.2 billion in sales this year against 2011 could talk to the costs that are all the rage in the wrong direction.
Still, CEO Dan Akerson is optimistic about the coming year, saying. “Our priorities are flawless execution of launches of new vehicles, control costs, and deliver more vehicles to our customers at an amazing value”

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