GM says pickup trucks to lift 2019 earnings, shares jump 8 percent - News Summed Up

GM says pickup trucks to lift 2019 earnings, shares jump 8 percent


FILE- Mike Guillen works on the assembly line at the General Motors Assembly Plant in Arlington - REUTERSGeneral Motors Co (GM.N) said on Friday its revamped pickup truck lineup will boost its 2019 earnings and Cadillac will become its lead electric vehicle brand, sending the No. The automaker builds locally most of the vehicles it sells in China.GM’s outlook for China runs counter to recent gloomy forecasts from other corporate titans. The company has confronted challenges from activist shareholders twice during the past four years.In morning trading on the New York Stock Exchange, GM shares were up 8.4 percent at $37.65. Ford Motor Co (F.N) shares were trading up 2 percent at $8.84 and FCA was up 2.5 percent at $16.41. Tesla shares were down 0.9 percent at $341.80.


Source: Egypt Today January 11, 2019 15:56 UTC



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