GM reports record annual revenues of $176.6 billion for 1999.

0 Comments | M2 Presswire, January, 2000

M2 PRESSWIRE-21 January 2000-GM: GM reports record annual revenues of $176.6 billion for 1999 (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:20012000 * Revenue growth drives record annual earnings of $8.53 per share Detroit -- Record calendar-year revenues and earnings were reported today by General Motors Corp.

(NYSE: GM) on continued strong performance by its automotive operations and record earnings at General Motors Acceptance Corp. (GMAC). * GM's consolidated net sales and revenues totaled a record $176.6 billion in calendar-year 1999, an increase of 13.6 percent compared with the prior year when revenues were $155.4 billion. * The revenue growth in 1999 helped drive a record $8.53 diluted earnings per share of GM $1-2/3 par value common stock...