- General Motors (GM) issues a cautious outlook for 2014 during its talk at the Deutsche Bank auto conference, saying pretax profits will only rise slightly and margins will be flat.
- In her comments, CEO Mary Barra said the automaker expects a moderation in sales for GM this year
- Management makes a lot of GM returning to the land of dividend-payers and tips off that it could make some more headway in reducing its pension obligation. Higher interest rates helps GM's position in regard to pensions.
- The company doesn't expect that it will need to contribute money to GM Financial.
- A higher mix of SUVs and Cadillacs will boost margins in 2015 and 2016.
- Deutsche Bank 2014 Global Auto Industry Conference webcast
- GM -1.3% premarket
Heard during GM's presentation at the Deutsche auto conference
Jan 15 2014, 08:44 ET