GM (GM) -1% AH after CFO Dan Ammann states at a Deutsche conference the auto giant expects 2013...

|By:, SA News Editor

GM (GM) -1% AH after CFO Dan Ammann states at a Deutsche conference the auto giant expects 2013 pre-tax earnings to be roughly flat with 2012, and for margins to also be flat - analysts currently expect EPS to rise to $3.89 from $3.27. U.S. industry volumes are seen rising ~5% this year, with a higher mix of luxury vehicles and small cars and flat truck production. European volumes are expected to drop ~4%, with an ongoing mix shift towards smaller vehicles. (webcast) (slides - PDF)