February 02, 2022: General Motors saw lower fourth-quarter profits as the semiconductor crunch hit vehicle sales, but the company still scored record annual earnings.

The big US automaker earned a profit of $1.7 billion for the quarter ending December 31, down 38.7 percent from the final three months of 2021.

But for the full year, GM reported a record $10 billion in profits and projected 2022 earnings of between $9.4 billion and $10.8 billion.

AFP/APP

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