Forum Discussion
Dadoffourgirls
May 03, 2013Explorer
MM49 wrote:
The Chevy sales increase is due to increased incentives up to 16.4%. The highest in the industry.
Yahoo News "The company also saw a $200 million drop in operating earnings as it was forced to offer pricing deals on its current large truck line ahead of the launch of the new models"
mm49
Gotta love internet news. I suggest that you dig deeper into other sources.
DETROIT—General Motors Co.'s GM +3.15%first-quarter profit fell a less-than-expected 11% as a result of a weaker performance in North America, where the largest U.S. auto maker is spending heavily to launch new pickup trucks, continuing losses overseas and the impact of currency turbulence in South America.
Wall Street had expected a bigger earnings decline, and GM shares were up 4.5% at $31.54 in midday trading on Thursday in New York.
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