General Motors Co. posted a $758 million second-quarter net loss mostly due to factory shutdowns in its home U.S. market, although resilient sales of pricey pickup trucks propelled results beyond analysts’ forecasts. The company said its U.S. plants are cranking into overdrive to replenish thinly stocked dealership lots, a sign that its bottom line could rebound in coming quarters as the company tries to make up for weeks of lost production this spring from the pandemic. GM said nearly all its U.S. factories are running at...

Source: Wall Street Journal July 29, 2020 12:18 UTC