The Traderszone Network

Published in TZ Latest News 4 February, 2015 by The TZ Newswire Staff

GM reports higher-than-expected profit despite recall costs

General Motors Co (GM.N) on Wednesday posted fourth-quarter earnings far above analysts’ expectations as strong sales of high-margin SUVs and trucks in North America helped offset record recall costs there, and its shares rose more than 4 percent. Excluding the additional costs for a record vehicle recall, they would have been 8.9 percent, GM said. GM said it planned to raise its dividend by 20 percent, a move many shareholders have been pushing the company to do.

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