GM Ireland sees profits fall 35% despite revenue rise

Pre-tax profits at the Irish arm of General Motors last year declined by 35% to €510,000 in spite of a jump in revenues.

Figures show that the maker of Opel cars, General Motors Ireland Ltd, saw revenues rise 26.5%, from €69.67m to €88.17m, in the 12 months to the end of December last.

According to the directors’ report, “total industry market share in 2013 was 6.2% vs 6.1% in 2012. This share was based off an overall market that was 5% down on the previous year.”