GM reports robust performance in 2022


By Xu Jing
  • World
  • Wednesday, 01 Feb 2023

CHICAGO, Jan. 31 (Xinhua) -- General Motors Co. (GM) released its 2022 performance on Tuesday, showing that the company raked in 9.9 billion U.S. dollars in net income in 2022, slightly down from 10 billion dollars in 2021.

Nevertheless, against headwinds of supply chain woes and rising interests, the U.S. automaker's full year 2022 revenue came at 156.7 billion dollars, up from the 127 billion dollars in 2021; and its earnings before interest and tax (EBIT) was a record 14.5 billion dollars. These results were at the high-end of the company's previously revised guidance, according to figures released on GM's website.

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