GM is defying naysayers with a bullish 2019 outlook, plans to take on Tesla with Cadillac (GM)

mary barra general motors

  • 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.

 » Read More

Loading...

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

Comments

comments

Shareholders sue Alphabet board over alleged sexual misconduct cover-up

Shareholders sue Alphabet board over alleged sexual misconduct cover-up

Lisbon finally gets a substantial VC fund in the shape of Indico Capital Partners

Lisbon finally gets a substantial VC fund in the shape of Indico Capital Partners