General Motors reported first-quarter earnings and income that beat analysts’ expectations on Tuesday, fueled by strong sales of crossovers, significantly in North America.
Mary Barra, in an announcement. “We are on plan to deliver another strong year in 2018.”
The largest U.S. automaker has been chopping shifts at some factories that make passenger vehicles, similar to its plant in Lordstown, Ohio, which makes the compact Chevrolet Cruze sedan. At the identical time, it has added a shift at its Spring Hill meeting plant in Tennessee, to satisfy demand for the GMC Acadia and Cadillac XT5 crossovers.
SUVs and vans went from lower than 50 % of the U.S. market in 2008 to a 65 % share on the finish of 2017 and are anticipated to additional develop in recognition, in keeping with LMC Automotive.
Some adjustments amongst government ranks are occurring as effectively. The president of GM’s luxurious model Cadillac Johan de Nysschen was abruptly replaced in mid-April by GM Canada executive Steve Carlisle. Cadillac has lagged different manufacturers within the SUV and crossover segments, which has been a supply of frustration for some sellers. Cadillac plans to launch its third SUV, the XT4, in late 2018.