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February 10 , 2021 Dear Fellow General Motors Shareholders : Today , GM announced strong financial performance for the fourth quarter and full year of 2020 , including several fourth - quarter records for operating results , and a record year for GM Financial . Our fourth - quarter net income was $ 2.8 billion . For the full year , net income was $ 6.4 billion . I invite you to view our full financial results at investor.gm.com . You may have noticed a new look at the top of this letter . Last month , we revealed a new GM brand identity that honors our past while signaling our future . This future , combined with how we are advancing our growth strategy today , is the focus of my message to you . Moving at Ventilator Speed GM's 2020 performance was remarkable by any measure , and even more so in a year when a global pandemic caused companies around the world - including GM - to temporarily suspend manufacturing operations to keep employees safe . Our dealers also took extraordinary steps to protect our customers , such as providing seamless online shopping , purchasing and delivery solutions . Once - in - a - century challenges like these are tough , but they also provide much - needed clarity and perspective . When we paused production , our employees , dealers and suppliers acted with speed and agility to support our customers and communities , as well as to protect our business . I'm proud of the thousands of GM employees who raised their hands to produce critical - care ventilators or to make and donate personal protective equipment for frontline healthcare workers and schools . With the same speed and sense of urgency , what we call “ ventilator speed , ” we protected our liquidity as we developed rigorous safety protocols to safely restart operations at the appropriate time . Chevrolet , GMC , Buick and Cadillac were especially well prepared when demand recovered faster than expected - Chevrolet and GMC with their outstanding full - size and midsize pickups ; and all four brands with a mix of new small- and full - size SUVs , which we launched on time despite the pandemic . These products helped drive our largest year - over - year gain in total U.S. market share since 1990. Just as important , their profits are helping us create a new chapter for GM that is electric , connected , sustainable , inclusive and growth - oriented . general motors 313.556.5000 / 300 Renaissance Center / Detroit , MI 48265 / www.gm.com gm