General Motors Corp., which has moved fast since August in streamlining its corporate structure, last week reported record fourth quarter earnings. Net income totaled $1.8 billion, tops for any previous GM fourth quarter, and its $2.64 earnings per share of common stock is the best for any quarter in history. That's in spite of $420 million in after-tax charges, including $80 million for severance packages and $192 million for voluntary retirements and closing of unprofitable assets at ...

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