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GM Truck and SUV Build Boosts Profit as Plant Shutdowns Loom

  • Redesigned Equinox to give GM stronger foothold in SUV segment
  • Automaker still targeting record year after earnings beat
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GM CFO Stevens Says GM Very Focused on Inventory

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General Motors Co. started the year on pace for another record annual profit, fueled by cost cuts, new models and ample inventory after plants cranked up production before being retooled this year.

Earnings rose to $1.70 per share in the first quarter, beating analyst estimates of $1.48 a share. GM built up supply of vehicles including Chevrolet Silverado pickups and Buick Enclave SUVs to carry dealers over through 10 weeks of downtime scheduled for the third quarter, when plants will be idled and overhauled to make fresher products.