Posted on

General Motors Rebounds From Pandemic Disruptions: Live Updates



Share

Here’s what you need to know: “GM.’s 2020 performance was remarkable by any measure,” said Mary Barra, the General Motors chief executive.Credit…Rebecca Cook/ReutersGeneral Motors said on Wednesday that it earned $6.4 billion in 2020, a modest decline from the year before, as brisk sales of pickup trucks and sport-utility vehicles in the second half of the year offset the damage on its business caused by the pandemic in the spring.The automaker reported that revenue declined 11 percent to $122 billion from $137 billion in 2019, when it reported net income of $6.7 billion.“G.M.’s 2020 performance was remarkable by any measure, …

Read More