GM profit beats estimates, margins up despite sales drop

DETROIT (Reuters) – General Motors Co on Tuesday posted quarterly results that beat analyst expectations as cost-cutting and higher vehicle prices offset a double-digit decline in U.S. sales volume, and said it expected 2018 would be a strong year globally and in North America.

Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>