GM Beats Estimates With SUVs in Demand From U.S. to China

  • U.S. automaker reports record net income of $9.7 billion
  • Shares fall as analyst sees investors avoiding auto stocks

Stevens: Confident GM Will Drive Shareholder Value

General Motors Co. reported fourth-quarter profit that beat analysts’ estimates as strong light-truck sales in the U.S. and China helped boost margins in both regions. Shares fell amid another broad market selloff.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.