GM Surges After Strong Earnings Report
- Profit tops estimates as sales of new Equinox crossover surge
- CEO Barra generating buzz about self-driving, electric future
GM's Stevens Says Passenger Cars Are Still Important
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General Motors Co. just reminded Wall Street that there are reasons to get excited about its stock besides the hype around its technology advances.
Americans still want their SUVs, and the largest U.S. automaker beat analysts’ profit estimates by boosting sales of those more lucrative models. While GM slashed North American production by more than a quarter, cost cuts kept margins at healthy levels. The shares climbed the most in three weeks and closed at a record.