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GM fourth-quarter profit misses Wall Street estimate

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The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan August 25, 2009.
CREDIT: REUTERS/JEFF KOWALSKY
The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan August 25, 2009. CREDIT: REUTERS/JEFF KOWALSKY

(Reuters) - General Motors Co (GM.N) posted a weaker-than-expected fourth-quarter profit on Thursday as results in North America, Asia and South America disappointed.

Net income rose to $913 million, or 57 cents a share, from $892 million, or 54 cents a share, in the year-earlier quarter.

The quarter included about $200 million in special items related to the exit of the Chevrolet brand from Europe, the end of manufacturing in Australia, offset by a gain on the sale of equity in Ally Financial and other items.

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