GM Posts Strong 4th Quarter

A new line of vehicles and deep year-end incentives, proved to be a sweet combination for General Motors as the automaker posts a strong fourth quater for 2003.

GM reports a net income of $1 billion for the year's final three months. Those earnings amounted to more that $2 a share, a forty cents increase from last year.

The jump in revenue comes despite at 31-percent decline in global sales.

GM leaders are confident about 2004, with plans to introduce dozen all-new vehicles this year.