General Motors Pays $4.5 Billion in Charges, Reducing Q4 and Full-Year 2024 Results
For the full year 2024, GM reported a revenue of $187.44 billion, an increase from $171.84 billion revenue in 2023. However, the bottom line shows that GM's net income for the full year 2024 was $6 billion, compared to $10.12 billion in 2023. Charges incurred in the last quarter of 2024 reduces significantly the overall net income for the year.