General Motors achieved a revenue of $42.98 billion in the fourth quarter of 2023, a year-on-year decrease of 0.3%, but better than market expectations. The net profit attributable to shareholders was $2.102 billion, a year-on-year increase of 5.2%. The adjusted earnings per share were $1.24, better than market expectations. The company expects its profits to increase in 2024 with the improvement of car sales in the US market. The stock price of General Motors rose 7.81% overnight to $38.16.