Booming sales of new sport utility vehicles helped General Motors Co. set a profit record last year and is giving the automaker impetus to forecast steady earnings in 2018. Even as sales at home slowed, GM posted adjusted profit of $1.65 a share for the fourth quarter, beating analysts’ average estimate for $1.38 a share. Article Continued BelowTwo big charges last year led GM to report net losses of $5.15 billion for the quarter and $3.86 billion for 2017. Sales of the Equinox rose 20 per cent in the U.S. last year and the more expensive Traverse grew 5.8 per cent. The Traverse sells for an average of about $36,800, up about $7,000, according to data from GM.

Source: thestar February 06, 2018 17:37 UTC