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GM beats on fourth-quarter earnings and records record 2016 global sales

Posted By GMbeat on Articles - General Motors reported fourth-quarter and full-year 2016 earnings on Tuesday. The automaker said fourth-quarter net income fell to $1.19 a share, factoring out one-time items, in part because of $500 million in foreign-exchange losses, and the company forecast that 2017 profits would be flat to slightly up from 2016. The adjusted result beat analyst expectations of $1.17 a share.

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