Shift to pickups and SUVs drives an earnings beat for GM in third-quarter —stock surges 10% pre-market

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General Motors posted a beat on third-quarter earnings as pickups and SUV sales in the US drove the results.

 

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Foreign carmakers take on US sedan market as Detroit's Big Three shift to SUVsJust a decade ago, sedans, coupes and other passenger cars accounted for more than half the new vehicle market. Through the end of November, that tumbled to just 30.5 percent with the decline expected to continue for at least several more years.
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The 10 best SUVs on the market for under $25,000Kelley Blue Book, the vehicle valuation and automotive research company, recently released a list where they ranked the 10 best SUVs under $25,000, and all of the SUVs chosen were either crossovers or subcompacts.
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