General Motors made money last year despite a 40-day strike by factory workers and slumping sales in the U.S. and China. The company posted a $6.58 billion profit for the year, but that was down almost 17% from 2018. Excluding one-time items, GM made 5 cents per share, soundly beating Wall Street estimates. Revenue for the quarter was $30.8 billion, down
almost 20% from a year ago. GM said the strike, which ran from Sept. 16 through Oct. 25, cost the company sales of 191,000 vehicles and cut quarterly pretax earnings by $1.39 per share. For the full year, the strike cost GM $1.89 per share, the company said. The bitter strike paralyzed GM’s U.S. factories and cut production in Mexico and Canada before it was settled.