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GM reports record

Published on .

General Motors Corp. reported record earnings of $1.9 billion in the fourth quarter, up 18.7% from the year before, and a record profit of $6.9 billion for 1995, a 40.8% increase from 1994 results. Leading the way was GM's North American automotive operations, posting a calendar-year profit of $2.4 billion, up 255% from earnings of $677 million in 1994. Worldwide sales and revenues in 1995 totaled $168.8 billion, a 9% increase.

"Record fourth-quarter and calendar-year results demonstrate the solid progress we've made toward achieving our goal of consistent industry-leading financial results, even though the overall worldwide industry was slightly weaker in 1995 than during the previous year," said GM Chairman-CEO John F. Smith Jr.

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