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GM posts higher earnings

DETROIT, April 16 (UPI) -- General Motors Corp. said on Tuesday its first quarter net income surged 146 percent, excluding one-time items and its Hughes Electronics Corp. unit, boosted by strong results in its core North American market. GM said first quarter net income climbed to $791 million, or $1.39 a share, from $321 million, or 57 cents a share during the same period a year ago. Analysts on Wall Street had been expecting GM to post a net income of $1.14 a share.

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