from a year ago, but said that buyers were interested in its more expensive sport utility vehicles and pickup trucks. It plans to launch more full-size pickups in the second half of 2019, with two new heavy duty pickups from Chevrolet and GMC.
As part of its plan to adapt to changing market demands, GM has idled factories that produce slow-selling vehicles, consequently cutting more than 14,000 jobs at factories in the U.S. and Canada. The company is also shifting focus towards self-driving and electrified vehicles. Shares of GM have risen more than 6% over the last 12 months and are up more than 20% since the beginning of the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Tesla style report?
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chevron is slated to report earnings — here's what the Street expectsChevron is expected to report first-quarter earnings of $1.30 per share, down from a year ago.
Source: CNBC - 🏆 12. / 72 Read more »
Exxon Mobil to report earnings before the bell — here's what the Street expectsAnalysts expect Exxon Mobil to report first-quarter earnings of 69 cents per share, down from a year ago.
Source: CNBC - 🏆 12. / 72 Read more »
Caterpillar is set to report earnings before the bell — here's what the Street expectsCaterpillar is reporting first-quarter earnings before the bell on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »
Alphabet's earnings report is coming after the bell: Here's what analysts expectAlphabet's earnings report comes amid a rally in the stock price that's lifted it to a record.
Source: CNBC - 🏆 12. / 72 Read more »
Most Wall Street analysts are really positive ahead of Alphabet's earnings report after the bellAnalysts have big expectations for Alphabet's earnings report on Monday after the bell.
Source: CNBC - 🏆 12. / 72 Read more »
Here's what analysts are expecting for Comcast's first quarter 2019 earnings reportComcast is set to report earnings for its first quarter 2019 before the bell on Thursday. A lot of money Solid company Good to ER
Source: CNBC - 🏆 12. / 72 Read more »
Here's what to expect when Starbucks reports earningsThe coffee chain recently revamped its loyalty program and launched the Cloud Macchiato.
Source: CNBC - 🏆 12. / 72 Read more »