General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike. The company predicts a small improvement this year even as it plans for lower vehicle selling prices due to increased discounts. The Detroit automaker says it made just over $10 billion last year, up from $8.9 billion in 2022. Excluding one-time items the company made $7.68 per share. That beat analysts' estimates of $7.57 per share, according to FactSet. The company predicts there’s a good chance that net income will improve a little this year, in a range of $9.8 billion to $11.2 billion.
