• GM is surging after giving strong guidance, saying it would use Cadillac to compete with Tesla

    5 monthes ago - By Business Insider

    General Motors gave strong 2019 guidance Friday morning.
    The automaker also announced it would use its Cadillac brand to take on Tesla in the electric-vehicle market.
    Watch General Motors trade live .
    General Motors was rallying Friday, up more than 9%, after the company gave strong 2019 guidance and said it would use its Cadillac brand to take on Tesla .
    Friday's gains have GM shares trading near $37.50, and at their best level since the beginning of December. A close above $38.45 would be the highest since late July.
    After four years of record or near record US sales of about 17 million...
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  • GM bucks gloomy earnings forecast trend, shares jump

    GM bucks gloomy earnings forecast trend, shares jump

    5 monthes ago - By Reuters

    General Motors Co executives on Friday bucked gloomy forecasts for growth and sent the automaker's shares soaring, promising investors stronger 2019 earnings and outlining ambitious plans for its Cadillac brand to challenge Tesla Inc in the growing electric vehicle market.
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  • GM says pickup trucks to lift 2019 earnings, shares jump 8 percent

    5 monthes ago - By Reuters

    General Motors Co 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. 1 U.S. automaker's shares up more than 8 percent.
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  • GM Breaks From Gloom With Surprise Forecast for Profit Gain

    5 monthes ago - By Fortune

    Forget about doom and gloom: General Motors Co. said that it will grow profit in 2019 even as global auto sales level off and investors have been expecting a tough year. Shares jumped the most intraday in almost three months.
    The Detroit-based automaker projected 2019 adjusted earnings will rise to between $6.50 and $7 a share, easily exceeding analysts' $5.92-a-share average estimate. GM also said it will exceed the high end of its profit forecast for last year, which was $6.20 a share.
    Key Insights
    GM said its recent round of cost cuts, rollout of new higher-margin trucks and sport...
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  • GM gives strong 2019 earnings forecast, shares jump 8 percent

    5 monthes ago - By Reuters

    General Motors Co on Friday gave a strong earnings forecast for 2019 powered by its revamped and highly-profitable pickup truck lineup, sending the No. 1 U.S. automaker's shares up 8 percent in early trading.
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