GM posts $9.43B in net profits for '16

General Motors Co. said Tuesday its net income last year fell less than 3 percent to $9.43 billion due to a one-time gain it had in 2015. But with record profits in North America and strength in China, the company posted several yearly records including pre-tax adjusted earnings of $12.5 billion.

General Motors Co. said Tuesday its net income last year fell less than 3 percent to $9.43 billion due to a one-time gain it had in 2015. But with record profits in North America and strength in China, the company posted several yearly records including pre-tax adjusted earnings of $12.5 billion.