- At its Capital Markets Day in New York, GM predicted that 2019 auto sales in the US and China could hold up.
- GM also told Wall Street that it could beat its 2018 earnings guidance, and it guided markedly higher than consensus for 2019.
- The company also announced that Cadillac would become its lead electric-vehicle brand.
The global auto industry is entering a defensive crouch in early 2019. But General Motors is a notable exception.
On Friday, The largest US carmaker by sales kicked off its Capital Markets Day in New York with a bullish outlook for 2019 and a better-than-expected look back on its 2018 financial results, which the company will report in February.
GM doesn’t anticipate a collapse in the US sales market; after four years of record or near-record sales above 17 million, the company guided Wall Street to a number in that range for 2019.
The company also expects the Chinese market — a source of concern for investors amid macro-economic pressures and the Trump trade war — to hold up, totalling approximately 27 million in vehicle sales for 2019.