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FOX 66 News at Ten
GM reports huge fourth-quarter profit
General Motors has reported their fourth-quarter sales numbers and they nearly double last year's fourth-quarter numbers.
GM reported a profit of $898 million, up from $468 million during the same quarter last year.
General Motors attributed the profit tax credits and a devaluation European assets. Revenue grew to $39.3 billion.
This comes as GM made announcements to increase investment in it's Pontiac plant. The company plans to hire 400 new workers and will invest $200 million at the facility.
The company also announced that it will pay profit sharing of up to $6,750 to its 49,000 or so eligible U.S. hourly United Auto Workers employees. In 2012, eligible UAW employees' profit-sharing checks of up to $7,000 on the automaker's record pre-tax results of $7.2 billion in 2011.
Copyright 2013 WNEM (Meredith Corporation). All rights reserved.
Friday, February 15 2013, 09:10 AM EST
National News Headlines
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| NC repeals law that allowed racial bias appeals |
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| SF 'landlords from hell' plead guilty to felonies |
| A couple that prosecutors dubbed the "landlords from hell" for going to scary lengths to drive tenants from a San Francisco apartment building have pleaded guilty to several felonies. |
| Man convicted in Phoenix's 'serial shootings' dies |
| An Arizona death row inmate convicted of killing six people in Phoenix's "serial shooter" attacks has died in prison. |
| 3 Navy football players accused of sexual assault |
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| 4 shot, 3 dead at Ky. condo shooting |
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| Cops: Disabled Pa. man died of gruesome neglect |
| A Pennsylvania woman and her two daughters have been charged in the neglect-related death of their 32-year-old son and brother with Down syndrome. |
| 3 Navy football players accused of sexual assault |
| The U.S. Naval Academy has charged three Navy football players with sexually assaulting a female midshipman more than a year ago. |
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