General Motors (GM) has been able to maintain profitability in the wake of several recent shake-up causing concerns within the automotive industry.
The automotive industry has faced several challenges this year with the projection of an upcoming slowdown in sales, tariffs that are looming, and higher costs for materials. Even so, GM has been able to post profits for the third quarter that were much higher than expected and the end of the year earnings are expected to come in at the higher end of its forecast. These results are thanks to the strong demand in the North American market that’s driven by the new pickup trucks that are being offered by GM under the Chevrolet and GMC brands.
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