No surprises as GM reports deep loss

General Motors Corp. (GM) reported fourth quarter financial results Thursday morning. As many feared, the losses were deep. The nation's largest automaker lost $9.6 billion in the fourth quarter and a staggering $30.9 billion loss for the full year.

The per share loss was $9.65 excluding items -- far higher than analyst estimates of $7.40 per share according to Thomson Reuters.