GM Beats Estimates With SUVs in Demand From U.S. to ChinaBy
U.S. automaker reports record net income of $9.7 billion
Shares fall as analyst sees investors avoiding auto stocks
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.
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