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.
GM -1.3% premarket