​GM Reports “Solid” Demand For High Margin Vehicles, Tweaks Guidance Higher – Tyler Durden

GM Reports “Solid” Demand For High Margin Vehicles, Tweaks Guidance Higher Slow and steady is often the best case when you’re operating a low margin legacy auto business, and for now General Motors looks to be on course, despite the softening overall trend in autos. The company reported “solid” U.S. demand for high margin vehicles and posted better than expected results this morning, tweaking its full year guidance higher in the process, according to Bloomberg. On Tuesday, GM raised its 2024 adjusted earnings forecast to at least $14 billion, up from $13 billion. While competitors cut prices to clear inventory,…  — Continue at ZeroHedge News : Read More