real-time news and commentary for investors
Friday, Nov 1
Powerhouse month for GM, more fresh models to come
- General Motors (GM +2.9%) trades higher after blasting past analyst estimates with its October sales tally in the U.S.
- The automaker says sales accelerated during the latter half of the month, presumably after the budget drama in Washington D.C. sorted itself out.
- GM model sales: GMC Yukon XL +52% to 3,489; GMC Sierra +13.3% to 16,503; Chevy Silverado pickup +10.1% to 42,660; Chevy Impala +40% to 11,713; Cadillac SRX -2.7% to 5,373; Buick Regal +46.9% to 2,153.
- The model roll-out plan from GM just gets stronger with new heavy-duty pickup trucks, a reworked Chevrolet Colorado, and the refreshed Cadillac SUV all set to hit showrooms.