NEW YORK (TheStreet) -- General Motors (GM - Get Report) reported 4th quarter earnings, and would you know it? Much of the media focused on the company's record-setting full year numbers. The automaker's weak 4th quarter was subordinated or completely ignored. Worse, the reason for the late year fizzle in GM's business, which will impact the company going forward, was not even mentioned.Sometimes, we catch the media in measured oversights. This was mammoth. The Financial Times, for example, ran a full-year centric headline: "GM earnings hit record $7.6bn in 2011." Remarkably, they mentioned GM's full-year net income, but nothing about the 4th quarter.
GM Earnings - The Real Story Behind the Numbers
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