Detroit GM (NYSE: GM) today announced its full-year 2010 earnings, common shareholders were to achieve net profit of 4.7 billion. This is also the reconstruction of the new General Motors announced the first full year financial results.
2010, GM operating income of 1,356 million U.S. dollars, Motor Vehicle business cash flow generated from operating activities 6.6 billion, automotive business to achieve 2.4 billion free cash flow, the two data have been included General Motors to the U.S. pension plan 40 million in cash payments.
period of four consecutive quarters of profitability, showing the General Motors to achieve sustainable profitability and development capacity.
General Motors full-year 2010 financial position is as follows:
the fourth quarter of GM common shareholders attributable to net income of $ 500,000,000, of which $ 400,000,000, net of net expenditure, equivalent to reduce the fully diluted earnings per share $ 0.21. The net expenditure is due from the previously disclosed repurchase shares of preferred stock held by the U.S. Treasury of $ 700,000,000 resulting losses and adjusted EBIT of about 3 billion dollars in revenue. The adjusted EBIT including the repayment of the UAW's total revenue generated $ 100,000,000.
2010 GM North America fourth-quarter operating profits of 8 billion U.S. dollars, compared with the fourth quarter of 2009, 3.4 billion loss before interest and tax performance to achieve substantial growth. GM Europe's fourth-quarter loss before interest and tax is 6 million, compared with $ 800,000,000 over the same period in 2009 narrowed losses. GM International Operations fourth quarter pre-tax profit of 300 million U.S. dollars income over the same period in 2009 decreased $ 400,000,000. General Motors South America, the company the fourth quarter of 2010 pre-tax profit of 200 million U.S. dollars income in 2009 compared to $ 300,000,000. Since the fourth quarter of 2010, General Motors Corporation General Motors in South America as separate operating segments to be disclosed, the company adjusted its previous earnings during some segment reporting.
the fourth quarter of total vehicle operating activities generated net cash flow of 1.7 billion, including U.S. pension plans to pay the company 40 million in cash. Remove 1.1 billion capital expenditure, the automotive business free cash flow of 28 billion U.S. dollars.
according to company financial performance in 2010, GM will be in the United States about 45,000 hourly workers eligible and about 3,000 GM employees pay profit dividends parts. Some employees will receive two per capita of about 4,300 U.S. dollars and 3,200 dollars.
In addition, the General Motors today announced that the company management team and Board of Directors Audit Committee of the Company under the financial reporting process in the presence of significant control weaknesses have been assessed to confirm these important control weaknesses have been through the implementation of remedial measures before the end of 2010 has been completely resolved.
GM Vice Chairman and Chief Financial Officer Chris Liddell said:
General Motors was founded in 1908. Currently, GM has been established in China, eleven joint ventures and employs more than 35,000. General Motors in China, import, production and sales of Buick, Chevrolet, Cadillac, Opel, Wuling, the liberation and Po Chun and other brand products, providing a rich product series in China among all multinational auto enterprises in the first, covering the luxury sedan, versatile wagon, compact cars, mini cars and light trucks. In 2010, GM total sales in China more than 2.35 million the year, an increase of 28.8%. In 2011, General Motors sales in China reached 268 in January, 071, an increase of 22.3%.
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