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General Motors Co. has reported a record profit of $7.6 billion for 2011, but trouble in Europe took a big bite out of the automaker's fourth-quarter earnings.

In the last four months of 2011, GM only made $500 million after factoring in a one-time charge of $200 million, the company said Thursday. That was about the same amount of money the company made a year earlier.

 



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GM Records Record Profits - UAW Workers Get $7,000 Profit Sharing Checks As Tax Payers Still Come Up Short On Stock Value

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