While General Motors' (NYSE: GM) fourth-quarter profits ticked up 2 percent, overall the company had a disappointing 2013.
The U.S. car giant reported net income of $3.77 billion in 2013, down 22 percent from $4.86 billion in 2012. BBC News reports poor performance outside North America, noting the picture was challenging in South America and parts of Asia outside China.
In Europe, the world's second-largest car maker lost $800 million for the full year, but that was less than half the amount if lost in 2012. In North America, GM reported record earnings of $7.5 billion for the full year, partly driven by price increases, BBC reports.
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