Skip to content
Subscriber Only

GM Sees New Cash-Cow SUVs Helping Overcome Weak Auto Markets

  • Automaker charts recovery from strike that hurt 2019 profit
  • Company sees weaker industry sales conditions in China, U.S.
General Motors 2020 Chevrolet Silverado HD Reveal
Photographer: Jeff Kowalsky/Bloomberg
Updated on

General Motors Co. predicted robust sales of new trucks and big SUV models will help it avert the kind of earnings decline this year that its rivals are bracing for.

Adjusted earnings per share will be roughly level with 2019 when excluding the effects of last year’s 40-day labor strike and other factors, GM said in a statement Wednesday. Its projected range of $5.75 to $6.25 a share compared with analysts’ average estimate for $6.24.