The results include a net loss from "special items" that reduced net income by approximately $0.2 billion, or $0.09 per fully diluted share according to a company press release.
In the second quarter of 2012, GM's net income attributable to common stockholders was approximately $1.5 billion, or $0.90 per fully diluted share.
Click here to see GM's full second quarter results.
"We continue to perform well in the world's two most important markets, the U.S. and China," said Dan Akerson, GM chairman and CEO in a press statement. "We also made further progress in our European business and saw the steady performance of our global brands Chevrolet and Cadillac. For the rest of the year, we'll focus on winning customers with high-quality vehicles at a compelling value."
Overall net income for the second quarter included an increase in tax expense of $0.5 billion, or $0.29 per fully diluted share when compared to the second quarter of 2012 according to GM.
Net revenue in the second quarter of 2013 was $39.1 billion, compared to $37.6 billion in the second quarter of last year. Earnings before interest and tax adjusted were approximately $2.3 billion, compared to $2.1 billion during the same time last year.
For the quarter, automotive cash flow from operating activities was approximately $4.5 billion and automotive free cash flow adjusted was $2.6 billion according to GM. The company ended the second quarter of 2013 with a "very strong" total automotive liquidity of $34.8 billion.
Automotive cash and marketable securities was $24.2 billion, an increase when compared with $24.3 billion from the first quarter of 2013.
"Our results in this quarter were clearly pegged to winning vehicles like the Cadillac ATS, Chevrolet Impala and Opel Mokka," said Dan Ammann, GM executive vice president and CFO in a press statement. "We will continue to address our business challenges head-on, execute flawless launches of our future products and most importantly, satisfy our customers."
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