GM earns $945M in 1Q, up sharply from year ago

April 23, 2015 11:51 AM

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General Motors Co. on Thursday reported net income of $945 million in the first quarter, up significantly from the same period a year ago, when the company was hammered by $1.3 billion in recall costs and managed a slim $125 million profit.

The company was aided by strong sales and performance in North America and China, which helped offset losses in Europe and South America.

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